NetSPI scores $90m in growth funding to support growth of its team

NetSPI, which offers enterprise penetration testing and attack surface management technology, has netted $90m in its growth funding round.

KKR led the round, with contributions also coming from Ten Eleven Ventures.

This equity injection will enable NetSPI to continue the growth of its cybersecurity and client experience teams as well as invest into its product innovation. Funds will also be used to deepen its operations across the US and international markets.

The company provides businesses with penetration testing technology to find critical vulnerabilities across their attack surface.

NetSPI President and CEO Aaron Shilts said, “The reality is that cyber security attacks today are inevitable and put organizations at grave risk.

“At NetSPI, we strive to stay one step ahead of hackers, breaches, and bad actors by focusing on prevention-based security techniques. Rooted in the founding tenets of the company, our goals are purposely aggressive to help our clients adapt to the constantly evolving threat landscape.”

The cybersecurity company is going through a strong period of growth, it claims. NetSPI recently acquired Silent Break Security and incorporated its proprietary Adversary Simulation and Red Team Toolkit software into the company’s offensive cyber security and attack surface management offerings.

Last year, the RegTech launched a penetration testing-as-a-service and is looking to release new features in the near future, including risk scoring, vulnerability intelligence, breach and attack simulation and more.

KKR principal Ben Pederson said, “NetSPI has built a differentiated suite of tech-enabled services and test orchestration and reporting software that is not only enhancing cyber security for complex global enterprises across a wide range of industries, but is simultaneously disrupting the traditional penetration testing market in order for these enterprises to continuously test their applications, networks, and cloud infrastructures at scale.”

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