Last year was a pretty good year for Snyk, a Boston-based security company. It grossed a whopping $530 million at an $8.5 billion valuation, and with that kind of money in the bank, it's probably not surprising that it went shopping. In February, it bought developer-focused cloud security company Fugue for an undisclosed amount.
Today at AWS re:Inforce in Boston, Snyk announced a new developer-centric cloud security product. The product's policy engine allows security teams to hardcode complex rules into the system to fix problems before they become problems, and is based on the technology that Fugue brought to the enterprise.
Former Fugue CEO and co-founder Josh Stella, who is now chief architect at Snyk, says when Snyk's co-founder Guy Podjarny approached him last year, they agreed on the idea of putting developers at the heart of the security solution. "We started talking about what we think the future of security would be like...
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Source link https://vmvirtualmachine.com/snyk-adds-policy-based-code-security-to-its-arsenal-techcrunch/?feed_id=64767&_unique_id=62dffe08c8906
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