Cybersecurity Penetration Testing Leader NetSPI Secures $90 Million in Growth Funding Led by KKR
Investment to Fuel Innovation and Growth, Including Global Expansion and Product Innovation
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MINNEAPOLIS, May 12, 2021 /PRNewswire/ NetSPI, the leader in enterprise penetration testing and attack surface management, today announced it has raised $90 million in growth funding led by KKR, with participation from Ten Eleven Ventures. The investment will be used to further accelerate NetSPI s rapid growth by expanding the company s cybersecurity and client experience teams, investing in product innovation, and deepening operations across U.S. and international markets.
NetSPI, a Minneapolis cybersecurity firm, raises $90 million from new investors It s the second large round of outside investment raised by NetSPI, a provider of cybersecurity services and tests for businesses and institutions. May 12, 2021 4:44pm Text size Copy shortlink:
NetSPI, which works with companies to thwart cyberattacks, has raised $90 million in minority investments from KKR and Ten Eleven Ventures.
The new infusion of capital will help the 225-employee software firm develop and improve products, add clients and hire more people, NetSPI CEO Aaron Shilts said in an interview Wednesday.
NetSPI, based in downtown Minneapolis, has grown year-over-year revenue by 50% so far compared with 2020. Shilts expects to finish the year with about $50 million in 2021 sales.