Economic Audit: Snyk

Supply Chain & Sourcing Relationships

Snyk is a business-to-business developer and application-security software vendor, not a manufacturer, importer, or retailer of physical goods ¹. No public evidence identified of any commercial relationship with Israeli agricultural exporters, produce aggregators, or physical-goods supply chains, including Mehadrin, Hadiklaim, Galilee Export, or Agrexco successor entities. No public evidence identified of Snyk acting as an importer-of-record, seasonal produce sourcer, or white-label goods sourcer of any kind. The only Israel-linked “sourcing” relationships identified are two corporate acquisitions of Tel Aviv-founded software firms - Helios, announced January 16, 2024 ², and Enso Security, announced June 7–8, 2023 ³ - both of which were absorbed into Snyk’s own engineering and product organization rather than retained as third-party suppliers or vendors.

Product Origin, Labeling & Regulatory Compliance

Snyk’s products are cloud-delivered software subscriptions - static/dynamic application security testing, software composition analysis, and container/infrastructure-as-code scanning - not physical goods subject to country-of-origin labeling regimes ¹. No public evidence identified of NGO investigations, customs findings, or regulatory citations concerning “Produce of Israel” or comparable origin-labeling issues connected to Snyk. No public evidence identified of a Snyk corporate labeling policy, since the product category to which such policies typically apply does not exist within Snyk’s business.

Investment, Capital & Financial Exposure

Snyk maintains an operational (non-passive) presence in Israel through a Tel Aviv office at 28 HaArba’a Street, Tel Aviv-Yafo, listed alongside the company’s London, Ottawa, and Zurich offices ⁴.

Enso Security, a Tel Aviv-based application security posture management (ASPM) startup founded in 2020 by Roy Erlich, Chen Gour Arie, and Barak Tawily and backed by Israeli venture firm YL Ventures, was acquired by Snyk in a deal announced June 7–8, 2023 ³⁵. Deal terms were undisclosed, but Israeli and US trade press estimated the price at approximately $45–50 million or “over $50 million” ⁶⁷⁸. A secondary financial-research source, Contrary Research, separately cites a materially lower figure of $32.7 million for the Enso deal, a discrepancy with contemporaneous Israeli press estimates that remains unresolved in public sources ⁹.

Helios, a Tel Aviv-based runtime application and cloud-to-code risk-visibility startup founded in 2021 by CEO Eli Cohen and CTO Ran Nozik, had raised a $5 million seed round in July 2022 led by Entrée Capital and Amiti Ventures and employed roughly 11 people across Israel and the US before acquisition ^210111213. Snyk announced the Helios acquisition on January 16, 2024, in a cash-and-stock transaction Israeli press described as worth “tens of millions of dollars” ²¹⁰. Contrary Research separately cites a figure of $2.9 million for Helios - a second unresolved discrepancy against the Israeli trade-press estimates ⁹. One secondary source characterizes Snyk’s engineering function and “most of the product department” as based in Europe/Israel, though this is a paraphrased description rather than a Snyk-disclosed figure ⁹.

Snyk is a software company, not a financial institution. No public evidence identified of it underwriting or lead-arranging Israeli sovereign debt, selling Israel Bonds, providing insurance underwriting, or extending direct lending or trade-finance facilities to Israeli entities. On the inbound-capital side, the Qatar Investment Authority - a sovereign wealth fund of Qatar, not Israel - led Snyk’s $196.5 million Series G round in December 2022 at a $7.4 billion valuation ¹⁴¹⁵. Snyk’s disclosed shareholder base otherwise consists exclusively of non-Israeli venture, private-equity, and institutional investors, including Accel, Boldstart Ventures, Canaan Partners, Tiger Global, ServiceNow, Salesforce Ventures, Atlassian Ventures, BlackRock, Coatue, T. Rowe Price, Baillie Gifford, Addition, and Lone Pine, alongside earlier participation from Google Ventures (GV) in a 2018 round ¹⁹¹⁶. No public evidence identified of any of these investors holding a distinct, Israel-focused investment mandate beyond general venture activity.

Co-founder Guy Podjarny is an active angel investor reported to have made more than 100 startup investments; his disclosed Israeli-company investments include Enso Security and Helios - both subsequently acquired by Snyk - as well as Oasis Security and Superstream, representing founder-level personal capital deployed into Israeli technology companies independent of Snyk’s own balance sheet ¹⁷. No public evidence identified of comparable personal Israel-company investment activity by other current board members or by the former CEO. No public evidence identified of Snyk itself holding disclosed positions in Israeli-domiciled companies, Israeli sovereign bonds, or Israel-focused investment funds, consistent with its status as an operating company rather than an asset manager.

Operational Presence & Market Activity

Snyk’s confirmed physical footprint in Israel is limited to the Tel Aviv office described above, within Israel’s internationally recognized 1949 boundaries ⁴. No public evidence identified of a separate Snyk office or facility in the West Bank, East Jerusalem, or the Golan Heights. The settlement-nexus category is assessed as not applicable given Snyk’s business-to-business developer-tools model, which has no retail storefronts, franchisees, or physical distribution network of the kind relevant to settlement-nexus analysis in retail, agribusiness, or real-estate sectors ¹.

Company-wide headcount has been reported at approximately 1,000–1,400 employees in 2022 ¹, 1,162 employees as of February 2026 ¹⁸, and 1,207 employees as of January 2026 per a separate secondary source ⁹. No public evidence identified of a Tel Aviv-specific headcount breakdown, or of Israeli tax and regulatory registration filings beyond the general presence of an Israeli office. No public evidence identified of Snyk characterizing Israel specifically as a “strategic growth market” or “regional hub” in investor materials, as the company is private and does not file a 10-K or 20-F. Israeli and international trade press instead routinely describe Snyk as “Israeli-founded” or an “Israeli-founded cyber unicorn,” reflecting external framing of the company’s origin rather than a Snyk-authored market statement ^19142320.

Both identified Israeli acquisitions closed in mid-2023 and early 2024 respectively ³², and No public evidence identified of any new Israel-nexus corporate transaction - acquisition, funding round tied to Israeli entities, or new Israel office opening - after that period. The Tel Aviv office itself continues to appear as a current, active location on the company’s live offices listing ⁴, meaning the pre-existing Israeli operational footprint has continued without an identified new transaction layered on top of it.

Cross-checks against authoritative exclusion and monitoring sources returned no Snyk-specific findings. Site-restricted searches of the Who Profits database and OHCHR settlement-business resources surfaced no Snyk entry ²¹. The BDS Movement’s formal corporate-targeting materials, including its coverage of the UN database of companies “complicit” in the occupation, do not name Snyk ²². AFSC Investigate, whose stated scope covers corporations complicit in state violence, has no located Snyk profile ²³. The “Don’t Buy Into Occupation” IV coalition report’s accessible summaries describe a company list concentrated in arms manufacturing, banking, and construction, sectors that do not include Snyk ²⁴. BankTrack’s research on financial underwriters of Israeli “war bonds” names banks, not software vendors, and does not mention Snyk ²⁵. The Norwegian KLP pension fund’s published exclusion lists name banks, construction and engineering firms, telecoms, and defense-component suppliers, and likewise do not name Snyk ²⁶. One independent, non-BDS-affiliated blog lists Snyk under a generic “Developer Tools” category with no stated rationale for inclusion, which this audit treats as a low-evidentiary-value, uncorroborated citation rather than a formal boycott-target designation ²⁷.

Corporate Structure & Foundational Ties

Snyk was founded in July 2015 by Guy Podjarny, Assaf Hefetz, and Danny Grander, with Podjarny and colleagues coming from Israeli technology and intelligence backgrounds and Grander having served in IDF cyber-related units ¹⁹. Investors reportedly told Podjarny “that it is impossible to set up a cyber company without a branch in Israel,” which the company’s founders cited as the reason it began operating in parallel out of Tel Aviv and London ²⁸. Snyk describes its own origin as “out of Tel Aviv and London,” and the Tel Aviv office remains one of the company’s current global locations alongside London, Ottawa, and Zurich ¹⁴.

The UK entity, Snyk Limited (Companies House no. 09677925), was incorporated on July 9, 2015, with a registered office in London; the company’s operational and commercial headquarters is now stated as Boston, Massachusetts ¹⁴²⁹³⁰. Companies House records show founder Guy Podjarny held 25–50% of shares and voting rights in Snyk Limited until this was reported as ceased on January 1, 2020, with a subsequent filing dated April 2, 2020 stating there is “no registrable person or registrable relevant legal entity,” consistent with ownership dilution below disclosure thresholds following later funding rounds ²⁹. Snyk Limited files “group of companies’ accounts,” indicating a broader group structure, but the reviewed Companies House filings do not disclose a specific parent-entity name or a separate Israeli-subsidiary filing ³⁰.

Leadership changes: Podjarny served as CEO from 2015–2019 and as President from 2019–2025, stepped down as an executive in the company’s February 2026 leadership restructuring citing the need for an executive with deeper AI expertise, and subsequently rejoined the board as Chairman in a move reported as a “surprise return” ^18313233. Current board composition, including non-Israel-linked members Mike Scarpelli, Sanjay Poonen, Ken Fox, Ping Li, and Philippe Botteri, is listed on the company’s board page ³⁴; No public evidence identified of comparable personal Israel-company investment activity by these individuals beyond Podjarny.

No public evidence identified of Israeli state ownership stakes, Israeli-government board appointees, Israeli government contracts, or a critical-national-infrastructure designation for Snyk. Snyk does hold US FedRAMP Moderate Authorization and serves US federal, state, and local government customers, which is a US, not Israeli, government relationship ³⁵³⁶. Startup-ecosystem directories catalogue Snyk as an “Israeli Startup” within Israel’s tech-sector mapping infrastructure, reflecting origin-based classification rather than a state-institutional tie ³⁷. No public evidence identified of golden shares, founder shares, or charter provisions tying Snyk’s governance to Israeli state policy objectives.

For completeness of the group’s acquisition history, Snyk’s other acquisitions are non-Israeli: DeepCode (Swiss/ETH Zurich spin-off) ¹, Manifold (Halifax, Canada), FossID (Sweden), CloudSkiff (France), Fugue (US), Probely (Portugal), Invariant Labs (Switzerland/EPFL-linked) ⁹, and Reviewpad, a Porto, Portugal-based developer-workflow startup acquired in October 2023 ³⁸³⁹.

Profit Repatriation & Economic Contribution

Snyk does not publicly disclose country-level or Israel-specific revenue breakdowns, as a private company with no SEC filings. Company-wide revenue has been disclosed at $220 million for 2023 ¹ and $278 million for 2024 (26% year-over-year growth) ⁴⁰, with annual recurring revenue surpassing $300 million in 2024 and reaching $325 million by February 2026 ¹⁸.

Given Snyk’s UK/US corporate domicile and its exclusively non-Israeli disclosed investor base, any profit generated by the Tel Aviv office’s engineering and product functions would flow outward to the group’s UK/US parent structure rather than inward to an Israeli-domiciled holding entity; no specific transfer-pricing or intercompany-flow documentation was located to confirm the mechanics of this ²⁹³⁰. No public evidence identified of a government or industry-body designation of Snyk as a “key employer,” “sector anchor,” or “infrastructure provider” within the Israeli economy specifically. Israeli and international trade press instead consistently frame Snyk within the broader “Israeli cyber unicorn” narrative common to Israel’s cybersecurity startup ecosystem, which is reputational/media framing rather than a formal economic designation ^23191420.

Snyk operates a corporate charitable-matching and volunteering program, per a third-party aggregator listing of its matching-gifts eligibility categories ⁴¹. The company issued dated, specific public responses to the Russia-Ukraine war: a $100,000 “Snyk Impact” donation to United Help Ukraine and doubled free-tier user limits, announced February 25, 2022 ⁴², and a formal announcement that it “ceases business in Russia and Belarus,” terminating contracts with companies headquartered there ⁴³. No public evidence identified of an equivalent Snyk corporate statement, donation announcement, or business-policy change referencing the October 2023 Israel-Hamas war or Gaza.

End Notes