Meet the 2016 CNBC Disruptor 50 companies
Tuesday, 7 Jun 2016 | 6:06 AM ET
#20 : Synack – Getting there before the hackers do
In the fourth annual Disruptor 50 list, CNBC features private companies in 15 industries — from aerospace to financial services to cybersecurity to retail — whose innovations are revolutionizing the business landscape. These forward-thinking starts-ups have identified unexploited niches in the marketplace that have the potential to become billion-dollar businesses, and they rushed to fill them. Some have already passed the billion-dollar mark at a speed that is unprecedented. In the process, they are creating new ecosystems for their products and services. Unseating corporate giants is no easy feat. But we ranked those venture capital–backed companies doing the best job. In aggregate, these 50 companies have raised $41 billion in venture capital at an implied Disruptor 50 list market valuation of $242 billion, according to PitchBook data. Already it’s hard to think of the world without them. Read more about the consumer and business trends that stand out in the 2016 list ranking and the methodology used to select this year’s Disruptor companies.
Founders: Jay Kaplan & Mark Kuhr
Funding: $34.2 million
Disrupting: Penetration testing, automated tools
This Redwood City, California-based company combines the best of human knowledge and know-how with cutting-edge technology to help its customers guard against debilitating cyberattacks. Synack was started in 2013 by former National Security Agency agents Jay Kaplan, CEO, and Mark Kuhr, CTO, who specialized in counterterrorism before founding the company.
One of its most potent advantages over other security firms is its Red Team — a private crowd of highly-skilled ethical hackers from all over the world who can go in and prove where a customer is vulnerable before the bad guys find out. That’s become a growing industry. Reports from Gartner predict the cybersecurity market will grow 10 percent a year between now and 2020 to over $170 billion.
With so many businesses, big and small, desperate for a security solution that really protects them, Synack is in an ideal position and claims it has been able to increase revenue by nearly 300 percent over the past year. As a result, the company has raised $34 million in venture capital from Kleiner Perkins Caufield & Byers, Google Ventures and Greylock Partners since getting started.
Jay Kaplan: CEO & CoFounder of Synack