Strike Security nets $5.4m in funding to grow in Latin America

Continuous penetration testing service Strike Security has reportedly collected $5.4m in a fresh funding round.

Greyhound Capital served as the lead investor, with contributions also coming through FJ Labs, Canary, NXTP, VentureFriends, Magma Partners, Latitud and Orok Ventures, according to a report from TechCrunch. Other unnamed backers also joined the round.

On the back of the funding, Strike Security plans to expand into the US and Europe. It also hopes to expand its group of ethical hackers and bolster its position in the Latin American market.

The company’s founder Santiago Rosenblatt has been hacking since he was six. By the age of 15 he was helping to defend major businesses in Latin America, such as AstroPay and PedidosYa.

Strike connects people with cybersecurity professionals around the world who will continuously conduct penetration tests to monitor the security of systems.

Companies have real-time reports, which can show what targets are being tested and a list of all vulnerabilities.

Rosenblatt told TechCrunch, “Traditionally, penetration testing is done at most one or two times a year because it is extremely expensive and time-consuming.

“In the current context, where the use of digital tools has increased in all areas of our lives, security needs require a different approach, so we created a solution that allows this type of testing to be carried out consistently. Thanks to it, companies can now detect and resolve critical vulnerabilities at a much lower cost and in less time.”

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