Losses widened to $267 million (£218 million) at Snyk, its 2022 accounts show today, as the cybersecurity business counted the cost of its aggressive expansion plans.
The London-based tech firm saw its costs go up by half after it ramped up its marketing budget, spent over $12 million in acquiring data analytics business TopCoat, and recruited hundreds of new staff in 2022, leading to a doubling in its wage bill.
