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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 ....
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. ....
Former Australian Prime Minister Malcolm Turnbull Joins Cado Security Board of Advisors yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Darktrace soars on London debut, 38% above IPO price Updated / Friday, 30 Apr 2021 14:36 Darktrace uses AI to understand IT networks and detect attacks by identifying unusual behaviour from within. Darktrace, a cybersecurity company, leapt more than 40% on its market debut today, delivering a boost to the London market after the spectacular flop of Deliveroo last month. The company was priced at 250 pence in the initial public offering, giving it a valuation of just over half the original aim of $4 billion. But it rocketed to 352 pence when trading started, well above the 220-280 pence range set by its bankers when its roadshow began on Monday. ....
UPDATE 2-Darktrace prices IPO at 250 pence, valuing firm at $2.4 billion Reuters 5 hrs ago By Paul Sandle LONDON, April 30 (Reuters) - British cybersecurity company Darktrace said on Friday it had set the price of its shares at 250 pence in its London listing, around the midpoint of the range, giving the company a market capitalisation of about 1.7 billion pounds ($2.37 billion). The valuation is well below the $4 billion which sources had said was the company s original target. The tech company, which was backed by entrepreneur Mike Lynch s Invoke Capital, said the offer comprised 66 million shares, valued at 165 million pounds and representing 9.6% of the capital. ....