Enso Security (from Facebook)
Snyk, an Israeli cybersecurity startup and a unicorn in the field of cloud native application security, is acquiring fellow Israeli security startup Enso Security, developer of the first Application Security Posture Management (ASPM) solution. The terms of the deal have not yet been disclosed, but Calcalist reported that it could be for more than $50 million. Enso Security has raised less than $10 million to date.
Interestingly, the acquisition comes after Snyk continued with cutbacks recently, letting go of 128 people in April. That was in addition to 198 that the company let go last December.
Founded in 2015 by Israelis Assaf Hefetz, Danny Grander, and Guy Podjarny, Snyk provides cloud native application security (CNAS) solutions which enable modern applications to be built securely, empowering developers to own and build security for the whole application, from code and open source to containers and cloud infrastructure.
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Snyk says that its SaaS platform can help developers find their vulnerabilities and license violations in their open source codebases, containers, and Kubernetes applications. By connecting their code repository, Snyk customers gain access to a giant vulnerability database, which enables Snyk to serve a description of the problem, point to where the flaw in the code lies, and even suggests a fix.
Founded in 2020, Enso Security boasts that it offers the first Application Security Posture Management (ASPM) solution, helping security teams everywhere eliminate their AppSec chaos with application discovery, classification and management. Founded by application security experts, Enso deploys into enterprise environments to create an actionable, unified inventory of all application assets, their owners, security posture and associated risk.
Snyk explains ASPM is emerging as a priority across enterprises as application environments become more complex, along with modern developers using a variety of different tools and methods to create their code. As a result, many enterprises today face thousands of logged security issues, but remain uncertain surrounding the coverage of their applications. As a result, security teams lack the visibility to understand the potential business impact of these issues, thereby wasting precious resources without ultimately improving their software supply chain security.
“When it comes to developer productivity gains, the recent explosion of generative AI innovation has been welcomed by many with a mixture of enthusiasm and relief. As a security leader, however, my foremost responsibility is to ensure that all of the code we create, whether AI-generated or human-written, is secure by design,” said Steve Pugh, CISO, ICE/NYSE. “By using Snyk Code’s AI static analysis and its latest innovation, DeepCodeAI Fix, our development and security teams can now ensure we’re both shipping software faster as well as more securely.”
