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NetSPI, a Minneapolis cyber security firm, raises $90 million new investors


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
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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. ....

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