ETH AI spin-off DeepCode acquired by a unicorn in cybersecurity

23.09.2020

DeepCode, a spin-off of the Secure, Reliable and Intelligent Systems Lab, is to be acquired by Snyk, a world leader in developer-first security code analysis.

DeepCode founders Veselin Raychev, Boris Paskalev and Prof. Martin Vechev — The DeepCode Founders (from left to right): Veselin Raychev (CTO), Boris Paskalev (CEO) and Prof. Martin Vechev, Head of the Secure, Reliable, and Intelligent Systems Lab. (Photo: ETH Zurich)

The ETH spin-off DeepCode was founded in 2016 von Veselin Raychev, Boris Paskalev und Prof. Martin Vechev. It has developed the first AI system that can learn from billions of program codes quickly, enabling AI-based detection of security and reliability code issues. Veselin Raychev has received prestigious awards for the underlying research.

By joining Snyk, a security tools company valued at 2.6 billion US dollars, that enables developers to quickly find code vulnerabilities, DeepCode will have the opportunity to integrate its AI-based capabilities into existing Snyk products, in turn moving closer to its original goal of impacting millions of users worldwide. The financial terms of the agreement have not been disclosed.