NetSPI provides enterprise security solutions including attack surface management, penetration testing as a service (PTaaS), and breach and attack simulation to help organizations uncover critical security gaps. The company operates three technology platforms—ASM, Resolve, and AttackSim—and emphasizes human-led PTaaS delivery combined with supporting technologies. NetSPI has expanded via hires, the acquisition of Silent Break Security, the NetSPI University training program, and by establishing teams in Canada, EMEA, and India. It serves top financial institutions, the largest cloud providers, leading healthcare organizations, and many Fortune 500 companies. Over the past five years the company has grown its revenue five-fold. NetSPI plans to use the new funding for technology innovation, talent acquisition, and global expansion. NetSPI provides cloud-based enterprise security testing and attack surface management to U.S. banks, health care companies, global cloud providers, and Fortune 500 firms. Its offerings include Penetration Testing as a Service (PTaaS) through the Resolve platform and adversary simulation via its Red Team Tool Kit. The company recently acquired Silent Break Security and incorporated its proprietary Adversary Simulation and Red Team Toolkit software into its offensive cybersecurity and attack surface management offerings. NetSPI is led by President and Chief Executive Officer Aaron Shilts and is based in Minneapolis, MN. It raised $90M in growth funding to further accelerate its growth. The company plans to use the proceeds to expand its cybersecurity and client experience teams, invest in product innovation, and deepen operations across U.S. and international markets. NetSPI is a Minnesota-based provider of application and network security testing solutions. Led by Co-Founder & CEO Deke George, the company supports organizations in scaling and operationalizing their threat and vulnerability management programs. Its solution portfolio includes both security testing services and the CorrelatedVM® software platform. CorrelatedVM® is used by many of the Fortune 250. NetSPI received its first institutional investment from Sunstone Partners; the amount was undisclosed. The company will use the proceeds to continue to expand its operations and market reach.

Total raised

$500M

Funding rounds

3

Latest round

Equity

Latest activity

Oct 2022