Total amount raised
$40 Millions
Latest funding date
3/1/2018
Location
Netsparker has successfully raised significant funding through multiple rounds, with the latest being a Series A. The company specializes in web application security solutions, offering a comprehensive platform for automated security testing.
Keep reading to explore the intricacies of Netsparker's fundraising journey and the investors backing this innovative platform.
What Is Netsparker?
Founded in 2009, Netsparker is a leading web application security company based in Austin, Texas. The company was established by Ferruh Mavituna and has grown significantly since its inception.
Netsparker specializes in providing highly accurate web application security solutions, utilizing its unique Proof-Based Scanning™ technology to identify vulnerabilities. This technology ensures that the results are not false positives, making it a reliable choice for enterprises.
With a team of 251-500 employees, Netsparker continues to innovate in the field of web application security, offering solutions that cater to various needs, including desktop software, managed services, and on-premises options.
How Much Funding Has Netsparker Raised?
- Series A
- Amount Raised: $40M
- Date: March 2018
- Lead Investors: Turn/River Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
Total Amount Raised: $40M. Current Valuation: Not publicly disclosed.
Key Investors
- Turn/River Capital
- Details: Turn/River Capital is a private equity firm based in San Francisco, California. They specialize in growth capital investments and operational support for software companies.
- Investment Focus Areas: Software, SaaS, Technology.
- Notable Investments: Invicti Security, Web.com, Keeper Security.
What's Next for Netsparker?
As Netsparker looks to the future, the opportunities for growth are vast. The increasing demand for robust web application security solutions presents a significant market for the company to tap into. With the rise of cyber threats, businesses are prioritizing security, making Netsparker's offerings more relevant than ever.
Given this potential, future fundraising rounds could be on the horizon to fuel further expansion and innovation. However, the path forward is not without challenges. The competitive landscape of cybersecurity means that Netsparker must continuously innovate to stay ahead. Additionally, scaling operations while maintaining the high accuracy of their Proof-Based Scanning™ technology will be crucial.
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