Miguel López Snyk, a prominent security company focused on developers, has announced its acquisition of Helios, a Tel Aviv-based startup specializing in microservices troubleshooting and monitoring. This strategic move aims to strengthen Snyk’s recently launched AppRisk service, enhancing its application security capabilities throughout the development lifecycle and in production environments.
Background and Acquisition
Founded in 2022, Helios previously raised a $5 million seed round led by Entrée Capital and Amiti VC. Today’s acquisition marks Snyk’s second venture into this domain, following its acquisition of Enso Security in June 2023. The acquisition reflects a broader trend among industry leaders to integrate specialized solutions into their comprehensive offerings, catering to enterprise demands for streamlined security solutions.
Synergies and Strategic Alignment
In their announcement, Helios founders Eli Cohen and Ran Nozik emphasized the shared vision and compatibility between Helios and Snyk. The acquisition aligns with Snyk’s commitment to advancing its Application Security Posture Management (ASPM) vision, offering customers enhanced security solutions amidst evolving software development practices.
Integration and Future Developments
Snyk plans to integrate Helios’ capabilities into its AppRisk service, leveraging features such as end-to-end application discovery and OpenTelemetry-based runtime data collection tools. This integration aims to empower developers with comprehensive insights into their microservices architecture and enhance security posture across the development and deployment lifecycle.
Forward Momentum
Peter McKay, CEO of Snyk, highlighted the importance of addressing security concerns amidst the rapid evolution of software development practices. The acquisition of Helios underscores Snyk’s commitment to providing innovative solutions that balance productivity gains with robust security measures. By welcoming the Helios team, Snyk aims to accelerate its mission of pushing the security market forward and delivering value to its global customer base.
In summary, the acquisition of Helios represents a strategic move by Snyk to reinforce its position in the application security space. With a focus on integration and collaboration, Snyk is poised to deliver enhanced security capabilities and drive innovation in software security for developers worldwide.
