ECSO Member TIN Capital, one of Europe’s leading cyber security investors, is pleased to announce the acquisition of Probely, by Snyk, the global leader in developer security. The acquisition underlines TIN Capital’s focus on boosting cyber security companies across Europe, and it highlights the value of Probely’s advanced solution for API and web application security testing.
With the support of the investment from TIN Capital’s Dutch Security Tech Fund, Probely has become a distinguished name in the cyber security sector by oƯering a platform that seamlessly integrates API and web application security testing into the software development lifecycle. This acquisition will further strengthen Snyk’s comprehensive Developer Security Platform, with customers immediately benefiting from a broader range of testing techniques.
“Probely’s innovative approach to API and web application security testing has been a perfect fit with our vision at TIN Capital,” said Bart Houlleberghs, Managing Partner at TIN Capital. “This acquisition by Snyk demonstrates the impact they’ve had on the industry and the demand for developer-friendly security solutions. We truly enjoyed working with the team at Probely and are incredibly proud to have been part of their journey. We look forward to their continued success under Snyk’s leadership.”
Probely’s Discovery and Scanning can identify what applications or APIs exist and if they contain exploitable vulnerabilities. This gives AppSec teams increased confidence that they have coverage of their application and API footprint while helping developers reduce time spent on lower priority risks. This will only become more crucial as modern applications – including advanced AI tools – continue to be increasingly built with APIs.
As Probely’s native capabilities are integrated into the Snyk portfolio over time, customers will gain even more comprehensive security coverage that helps ensure vulnerabilities are automatically detected throughout the entire software development lifecycle.
“For global security leaders seeking to further accelerate trusted AI adoption, adding Probely’s technology and expertise further extends the breadth and depth of Snyk’s platform,” said Peter McKay, CEO, Snyk. “Together, we’re looking forward to pushing our market forward with our shared developer-first vision that effectively balances rapid innovation with security guardrails.”
From left to right: Mr. Nuno Loureiro, Mr. João Poupino, Mr. Hugo Castilho, Mr. Bruno Barão, Mr. Cláudio Gamboa, Mr. Tiago Mendo
Probely’s leadership also expressed excitement about joining forces with Snyk and acknowledged the significant role TIN Capital played in reaching this milestone. “Joining Snyk allows us to accelerate our vision of integrating security seamlessly into the development process”, said Nuno Loureiro, CEO of Probely. “We’re also grateful to TIN Capital for their invaluable support and guidance throughout our journey. Their sector specific insights and network were instrumental in helping us scale and achieve this acquisition milestone. By combining our DAST capabilities with Snyk’s platform, we are positioned to provide even greater value to our global customers.”
The acquisition of Probely by Snyk marks a significant achievement for TIN Capital’s Dutch Security Tech Fund and underscores the great talent and innovation of cyber security companies in Europe. As Probely embarks on this new chapter as part of Snyk, TIN Capital remains committed to supporting and investing in Europe’s cyber security leaders.
About TIN Capital:
TIN Capital was founded in 1998 and is one of Europe’s leading cybersecurity investors. At the end of 2018 TIN Capital started investing in Cybersecurity via its Dutch Security TechFund. In Q4 2023, TIN Capital launched its most recent fund: European Cyber Tech Fund V. The final close of this fund is foreseen in Q1 2025. This fund invests (A/B-rounds) in best-in-class Europeancybersecurity companies on their way to become global leaders in their segment. Examples of portfolio companies of TIN Capital are Eye Security, BreachLock, EGERIE and EclectiqIQ. It proofs TIN Capital’s knowledge of the market and expertise and its reputation next to the ambition to help build a safe, prosperous and cyber resilient Europe.
