Updated March 14, 2023 at 1:00PM EST

Optimizely, like many technology companies, is a customer of Silicon Valley Bank but our exposure to the incident is limited. Optimizely is closely monitoring the SVB events as they evolve, taking timely action, and communicating with our customers directly. 

These events pose no operating risk to Optimizely and there will be no service interruptions for our customers. Optimizely is a profitable company with strong liquidity through stable and diversified banking relationships. Optimizely is backed by Insight partners, the largest software private equity fund managing over $90B of assets.

To our existing customers: 

Following the rapidly changing status of the SVB matter we are now using our SVB accounts as normal. https://www.fdic.gov/news/press-releases/2023/pr23019.html

• If you have not yet changed our banking details in your systems to those detailed in our correspondence sent on 
  10th March, please feel free to continue to pay into our SVB bank account. 
• If you have already updated your banking details, we will be accepting payments into the new details 
  provided to you.

Thank you for your co-operation on this matter. If you have any questions, please feel free to reach out to your customer success representative or contact us at SVB@optimizely.com.