Monday, April 22, 2024
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Snyk Aquire Enso Security

The American-Israeli cybersecurity unicorn, Snyk, announced its acquisition of the start-up Enso Security. The transaction amount was not disclosed, but market insiders estimate it to be between $40-50 million. Both companies operate in the field of application development security. Enso, a relatively young company established in 2020 by Roy Erlich (CEO), Chen Gour Arie (Chief Architect), and Barak Tawily (CTO), had raised around $10 million, partly through a SAFE deal. All three founders are former employees of Wix. Enso announced a seed round of $6 million in October 2020, led by YL Ventures with participation from today Ventures and Jump Capital.

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