By SecurityWeek News on May 14, 2021
Private equity giant KKR leads investment to fuel growth of enterprise penetration testing firm
NetSPI, a provider of enterprise penetration tools and services, has raised $90 million in growth funding led by private equity giant KKR, with participation from Ten Eleven Ventures.
NetSPI offers a cloud-based delivery model that allows customers to perform always-on continuous testing to monitor their attack surface and execute attack scenarios based on real-world attacker tactics, either as a single attack technique or a full attack chain using one pre-built playbooks.
The Minneapolis-based company says the funding will be used to expand its employee base, support product innovation, and fuel global growth.
Cybersecurity company NetSPI raises $90M - Minneapolis / St. Paul Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
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.
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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.”