Probely Acquired by Snyk, Expanding Developer Security Solutions

Deal News | Nov 14, 2024 | Bright Pixel

Probely Acquired by Snyk, Expanding Developer Security Solutions

Probely, a Portuguese startup specializing in Dynamic Application Security Testing (DAST), has been acquired by North American cybersecurity firm Snyk, enhancing Snyk’s developer security solutions. Probely was initially incubated as part of Bright Pixel’s program, with Bright Pixel being the first investor during its pre-seed round. The acquisition underscores Probely’s pioneering vision and the skillful Portuguese talent in crafting innovative tech solutions. This deal enables Snyk to extend its API security testing capabilities, a critical enhancement in the GenAI era marked by heavy reliance on APIs. Probely’s alignment with Snyk’s developer-centric vision promises to foster further global scaling and enhance application security solutions. Bright Pixel Capital, formerly Sonae IM, has a portfolio concentrating on pressing tech sectors, including cybersecurity, echoing its continued success in nurturing growth-stage companies from early-stage incubation to a successful exit.

Sectors

  • Cybersecurity
  • Technology Investment

Geography

  • Portugal – Probely is a Portuguese startup and part of the country's growing tech and cybersecurity sectors.
  • North America – Snyk, the acquiring company, is based in North America, which influences the market dynamics and integration strategies in the cybersecurity industry.

Industry

  • Cybersecurity – The acquisition involved a company specializing in cybersecurity solutions, particularly focusing on securing applications through dynamic testing methods.
  • Technology Investment – Bright Pixel Capital is involved as a technology investment arm focused on nurturing companies in verticals like cybersecurity and infrastructure software.

Financials

    Participants

    NameRoleTypeDescription
    ProbelyTarget CompanyCompanyA Portuguese startup specializing in Dynamic Application Security Testing (DAST).
    SnykBuying CompanyCompanyA North American company focused on providing cybersecurity solutions for developers.
    Bright Pixel CapitalInvestor/IncubatorPE FirmThe technology investment arm of Sonae, specializing in tech investment and supporting startups like Probely.
    Fernando Jorge MartinsCommentatorPersonDirector of Cybersecurity at Bright Pixel, provided comments on the acquisition.
    Nuno LoureiroCommentatorPersonCEO & Co-Founder of Probely, commented on partnering with Snyk.
    Peter McKayCommentatorPersonCEO of Snyk, commented on the acquisition's impact on developer security solutions.