FossID AB

FossID AB specializes in Software Composition Analysis (SCA), providing organizations with tools to identify and manage third-party and open-source software components, ensuring compliance and security in software development. Founded in 2016 and headquartered in Stockholm, Sweden, FossID AB focuses on Software Composition Analysis. The company was acquired by Snyk Limited in May 2021, enhancing developer-first security capabilities. Oskar Swirtun is the founder of the company, which has completed a total of one deal to date.

FossID specializes in Software Composition Analysis (SCA), offering advanced tools that help organizations identify and manage third-party and open-source software components within their applications. Their core offerings include the FossID Workbench, which is a language-agnostic scanner that detects open-source software and AI-generated code snippets, ensuring compliance with security and licensing regulations. The platform generates Software Bill of Materials (SBOMs), facilitating regulatory compliance and enhancing transparency in software supply chains. FossID’s services cater to enterprise software teams globally, serving clients from sectors such as telecommunications, finance, and technology across North America, Europe, and Asia.

In the most recent year, 2022, FossID reported a revenue of USD 3. 94 mn and an EBITDA of USD -100,267. 6. FossID plans to leverage its acquisition by Snyk Limited to enhance its offerings, particularly focusing on deeper C/C++ support and improved license compliance.

The company may look to expand into additional markets in the coming years, although specific regions have not been detailed. Recent funding will be utilized to support these initiatives, aligning with Snyk's strategy to extend its developer-first security capabilities.