Snyk, the well-funded developer-focused safety firm, at this time announced that it has acquired Helios, a Tel Aviv-based startup that helps builders troubleshoot and perceive their microservices in manufacturing. Snyk will use Helios to bolster its recently launched AppRisk service, its software safety play, and to offer them with a greater total safety service each at construct time and whereas working in manufacturing.
Again in 2022, Helios raised a $5 million seed spherical that was co-led by Entrée Capital and Amiti VC. The corporate didn’t increase any extra funding after that. The 2 firms didn’t share the value of at this time’s acquisition.
That is Snyk’s second acquisition on this area after the corporate additionally acquired Enso Security again in June 2023. Right this moment’s acquisition can also be a continuation of a extra normal development we’ve been seeing the place a number of the bigger gamers with extra complete choices are at present selecting up level options (usually at a considerable low cost), as enterprises look to cut back and consolidate their bills.
“With the tailwind of our supportive investors and the adaptability and dedication of our amazing team, we expanded our offering to the security domain,” Helios founders Eli Cohen and Ran Nozik write in at this time’s announcement. “We started pursuing partnerships with various AppSec players to accelerate our GTM efforts. We soon realized that Helios and Snyk share a mutual vision and DNA and that this is a classic “better together” story.
Snyk will combine options like Helios’ end-to-end software discovery service and its OpenTelemetry-based run-time information assortment instruments into AppRisk.
“As the pace and complexity of software development continues to rapidly increase, we’ve seen our global customers reap enormous productivity gains, but often at the cost of increased risk and critical security concerns,” stated Peter McKay, CEO, Snyk. “This acquisition was executed with those valid concerns top of mind. We’re excited to welcome the Helios team and look forward to continuing to push the market forward with our ASPM vision and enhanced solution.”
