Veriff vs Snyk

By valuation, Snyk is the larger company at $7.4B versus $1.5B — a 4.9x difference. Size can also be measured by team: Veriff employs 500-1000 people while Snyk has 2000 employees.

Snyk has raised more in total funding at $1.3B, compared to Veriff's $192M — a gap of $1.1B. Combined, the two companies have completed 8 known funding rounds.

Veriff holds the higher Awaira Score at 83/100, compared to Snyk's 82/100. The Awaira Score is a composite metric factoring in valuation, funding, stage, team size, and market presence — a 1-point gap that reflects meaningful differences in scale or traction.

Veriff was founded by Kaarel Kotkas in 2015. Snyk was founded by Guy Podjarny in 2015. Visit each company's profile on Awaira for a full founder biography.

Veriff: Veriff provides AI-powered identity verification software, using computer vision and machine learning to authenticate identity documents and match biometric selfies in real-time during remote digital onboarding flows for financial services, mobility, gaming, and sharing economy companies. The Tallinn-founded company platform processes identity verifications across more than 230 countries and supports over 10,000 document types in its classification and fraud detection models.\n\nThe company raised approximately $192 million including a $100 million Series C round led by Tiger Global, reaching a valuation of $1.5 billion. Veriff counts Bolt, Monzo, Wise, and numerous regulated enterprise clients among its customers, processing millions of identity verifications monthly as a critical compliance infrastructure component for digital-first businesses. The company has expanded from Tallinn with offices in Tallinn, London, New York, and Barcelona, reflecting both its European origin and its growing US market penetration.\n\nVeriff competes in the global identity verification market alongside Onfido (acquired by Entrust), Jumio, and Persona, with the market expanding rapidly as digital financial services, crypto exchanges, and sharing economy platforms face increasing KYC regulatory requirements. Its differentiation includes unusually broad document type coverage, high automation rates on complex and degraded document images, and fraud detection models trained on a large global dataset of identity fraud attempts. Veriff represents one of the most successful technology exits from the Estonian startup ecosystem and a flagship example of Baltic technology entrepreneurship. Snyk: Snyk is a developer security platform founded in 2015 that specializes in identifying and fixing vulnerabilities in open-source dependencies, container images, and infrastructure-as-code. The company operates at the intersection of DevSecOps and AI, providing automated scanning and remediation tools integrated into development workflows. Snyk's core products include dependency scanning, container security, infrastructure-as-code scanning, and code analysis capabilities powered by machine learning and vulnerability intelligence databases. The platform integrates with popular development tools and CI/CD pipelines including GitHub, GitLab, Bitbucket, and Jenkins, enabling developers to identify security issues during development rather than post-deployment. With a valuation of $7.4 billion and total funding of $1.32 billion across Series G funding, Snyk has achieved significant growth in the expanding application security market. The company serves enterprise customers across multiple industries, addressing the critical challenge of securing software supply chains as organizations increasingly rely on open-source components. Snyk competes with companies including Sonatype, Aqua Security, and Anchore in the developer-first security space. The platform's approach emphasizes shifting security left in the development lifecycle, reducing remediation costs and time-to-fix vulnerabilities. Growth has been driven by increasing regulatory requirements, rising software supply chain attacks, and enterprise adoption of DevSecOps practices. Snyk uniquely positions security enforcement at the point of code development, enabling developers to fix vulnerabilities before deployment with AI-powered remediation guidance.

Both Veriff and Snyk were founded in the same year — 2015. Despite sharing a founding year, they may have launched at different times within that year, which can matter in fast-moving AI markets.

Veriff has approximately 500-1000 employees, while Snyk has approximately 2000. A larger team often signals higher revenue or venture backing, but in AI, smaller teams are increasingly capable of building at scale.

Yes, Veriff and Snyk are direct competitors — both operate in the AI Security space and likely target overlapping customer segments. This comparison is especially relevant for buyers evaluating both platforms.