Friday, September 30, 2022

Snyk Acquires Developer Cloud Security Platform Fugue

BOSTON — The venture capital-backed application security company Snyk acquired the cloud security provider Fugue. 

Snyk will enhance its Developer Security Platform with Fugue’s cloud security software, enabling “developer-first” cloud security posture management (CSPM), visualization of the cloud landscape, and integrated insights, according to Snyk in February.

Fugue’s capabilities are intended to help development teams protect their cloud environments, so they can “prioritize rapid innovation.” 

The terms of the deal were not disclosed.

Snyk believes that at forward-thinking enterprises, where DevSecOps is “embraced and championed,” each developer’s role includes the continued security of applications “after they are deployed.”

The Unified Policy Engine by Fugue, based in Frederick, Maryland, is designed to connect cloud posture back to configuration code, using one set of policies to manage compliance and security throughout the software development lifecycle (SDLC).

Fugue’s cloud security capabilities and Snyk’s security infrastructure-as-code (IAC) for DevSecOps will be set up to allow developers to secure their code before deployment, maintain its secure integrity while running, and understand where to fix code. 

The acquisition of Fugue is Snyk’s fifth acquisition in the last 18 months, following its integrations of CloudSkiff, FossID, Manifold, and DeepCode. 

To date, Snyk has raised $850 million, as of its Series F financing round last fall. 

“Together, we’ll collectively reimagine what cloud security can and should look like for today’s modern DevSecOps teams, ensuring more secure innovation can flourish worldwide,” said Peter McKay, CEO, Snyk.

Josh Stella, co-founder and CEO of Fugue, said Fugue is “excited to now reach more developers in more places, helping them to not only build our future, but also successfully secure it.”

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