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Exclusive: Snyk hits $300M ARR but isn't rushing to go public

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Summary
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79% Informative

Snyk was drafting an IPO prospectus in January 2024 with potential plans to file within months .

CEO Peter McKay says the developer security startup isn’t rushing to IPO .

The firm hit $300 million ARR recently and says it’s on track to be cash flow positive in 2025 .

McKay: “Internally, we feel as though we’re ready [to IPO ]. Externally, I think we're watching”.

VR Score

78

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74

Neutral language

82

Article tone

informal

Language

English

Language complexity

32

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not offensive

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not hateful

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not detected

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not detected

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short-lived

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