November 2024
CYBERSECURITY
Bright Pixel Capital portfolio company Probely is acquired by Snyk
The Portuguese Developer-First DAST Provider is now part of the North American cybersecurity company
Probely, a Portuguese startup specialized in Dynamic Application Security Testing (DAST), i.e. the development of vulnerability testing solutions for websites, application programming interfaces (APIs) and web applications, has been acquired by Snyk, a North American company specializing in cybersecurity.
The idea for the startup was developed in Bright Pixel’s incubation program and Probely spun off as an independent entity in 2017. Bright Pixel was the first investor in its pre-seed round, participating in subsequent rounds and supporting the company’s growth until its acquisition by Snyk.
“Probely’s acquisition by Snyk validates its pioneering vision in the DAST space and highlights the exceptional Portuguese talent behind innovative tech solutions. As long-time partners of Probely since its inception, we are proud of its remarkable journey and this milestone that will enable Probely global scaling and enhance Snyk’s developer security solutions portfolio”, says Fernando Jorge Martins, Director of Cybersecurity at Bright Pixel.
In today’s GenAI era, where Large Language Model (LLM) applications heavily rely on APIs, incorporating robust API security testing has become mission-critical. Snyk now delivers a comprehensive suite of development and application security solutions. This empowers customers to leverage a wider array of testing methods with ease, enhancing security in a developer-friendly way.
“For global security leaders seeking to further accelerate trusted AI adoption, adding Probely’s technology and expertise further extends the breadth and depth of Snyk’s platform,” said Peter McKay, CEO of Snyk. “Together, we’re looking forward to pushing our market forward with our shared developer-first vision that effectively balances rapid innovation with security guardrails.”
Nuno Loureiro, CEO & Co-Founder and CEO of Probely, adds: “Like Snyk, from day one, Probely has been laser-focused on empowering developers to build securely. With this shared ethos as a foundation, we’re humbled to be part of Snyk’s growing global team and increase our value to customers.”
By combining coverage for these critical assets with Snyk’s existing Developer Security Platform, global enterprises can take a strengthened defense-in-depth approach to application security (AppSec). Snyk and Probely share a developer-centric mindset, and this latest acquisition supports the real-world vulnerability insights of dynamic testing of APIs and applications in a way that allows developers to increase their productivity securely.
About Bright Pixel Capital
Bright Pixel Capital, formerly known as Sonae IM, is the technology investment arm of the multinational group Sonae. With special focus on cybersecurity, infrastructure software, retail technologies, business applications and emerging tech, it has a portfolio of more than 50 companies, from early to growth stages. Bright Pixel Capital acts as a partner that brings specialized know-how, global footprint, and a wealth of experience in helping companies from early stage to IPO. Find out more at brpx.com.
About Probely
Probely is a new-gen fully-integrated solution that creates and helps you manage a complete inventory of your APIs and Web Apps, and then probes them for vulnerabilities, providing guidance on how to fix them. Probely was designed from the ground up to narrow the gap between development, security, and operations teams, seamlessly integrating in the development process to automate application security testing across the organization. Probely is democratizing application security testing so that any company can have their APIs and web applications secured – regardless of size or technical expertise.
About Snyk
Snyk is a leader in cybersecurity for developers. The company empowers developers around the world to build secure applications, and gives security teams the tools they need to respond to the demands of the digital world. Its developer prioritisation approach ensures that organisations can protect the critical components of their applications – from the code to the cloud – which leads to increased developer productivity, revenue growth, customer satisfaction, reduced costs, and an overall improvement in the organisation’s security posture. Snyk’s Security Platform for Developers was developed with the aim of stimulating collaboration between security and development teams, and is automatically integrated into the developer’s workflow. Snyk is currently used by more than 3,000 customers worldwide, including leaders from a variety of industries such as Asurion, Google, Intuit, MongoDB, New Relic, Revolut and Salesforce.
