Security News > 2021 > May > NetSPI raises $90M to fuel innovation, growth, global expansion and product innovation

NetSPI raises $90M to fuel innovation, growth, global expansion and product innovation
2021-05-13 22:15

"This investment from KKR and Ten Eleven Ventures allows NetSPI to better meet this demand while simultaneously fueling growth and innovation as a leader in the booming cyber security market. With our investors' support, NetSPI will continue to transform the industry with a focus on attack surface management, enterprise security testing, and vulnerability management."

"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," said Ben Pederson, Principal at KKR. "We are excited to invest in NetSPI's growth as they build and deliver these critically important offensive security solutions."

KKR is investing in NetSPI through its Next Generation Technology Growth Fund II. KKR and Ten Eleven Ventures have invested in market-leading cyber security companies including Darktrace, KnowBe4, Ping Identity, Cylance, ForgeRock, and ReliaQuest.

"With its deep expertise and automated platform, NetSPI has developed an incredibly effective and efficient approach to penetration testing and attack surface management. We're thrilled to partner with this exceptional team and look forward to drawing on our cyber security expertise to help NetSPI bring its technology to more companies across the globe."

Gus Alberelli, Managing Director of Sunstone Partners, said: "We're incredibly fortunate to partner with NetSPI's team and proud of the company's extraordinary growth stemming from its technology-enabled penetration testing team. We are excited for KKR and Ten Eleven Ventures to join Sunstone Partners in supporting NetSPI's growth journey."

The investment is the latest transaction in a period of accelerated growth for NetSPI. Most recently, NetSPI 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.


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