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Global private equity giant KKR has led a $90m growth funding round for cybersecurity attack testing business NetSPI.
Ten Eleven Ventures also took part in the round, which NetSPI said would be used to expand its cybersecurity and client experience teams, invest in product innovation and deep operations across US and international markets.
KKR principal Ben Pederson said, “NetSPI has built a differentiated suite of tech-enabled services that are not only enhancing cybersecurity for complex global enterprises across a wide range of industries but are simultaneously disrupting the traditional penetration testing market in order for these enterprises to security test at scale.”
KKR Leads Investment in NetSPI
Private equity firm
NetSPI, a provider of enterprise penetration testing and attack surface management, with participation from
Ten Eleven Ventures.
“The reality is that cyber security attacks today are inevitable and put organizations at grave risk,” said NetSPI president and chief executive officer
Aaron Shilts. “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.”
“Our clients rely on us to help secure their ever-evolving attack surface by leveraging our expertise in cloud, red team, application, and network security,” continued Shilts. “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 b
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.
MINNEAPOLIS, Feb. 9, 2021 /PRNewswire/ NetSPI, the leader in enterprise penetration testing and attack surface management, today relaunched Red Team Toolkit, a sophisticated suite of penetration testing and adversary