How Much Did Pentera Raise? Funding & Key Investors

Pentera has successfully raised funds through 6 rounds, with backing from 9 investors, including Evolution Equity Partners and Farallon Capital Management. The company is a market leader in Automated Security Validation, offering a platform that continuously tests cybersecurity layers to identify and mitigate vulnerabilities.

Keep reading to explore the intricacies of Pentera's fundraising journey and the investors backing this innovative platform.

What Is Pentera?

Pentera, based in Burlington, Massachusetts, is a private company specializing in Automated Security Validation. Operating in various sectors such as cloud security, cyber security, and penetration testing, Pentera employs between 251 and 500 people.

The company leverages AI-powered technology to continuously test and validate cybersecurity layers, identifying and prioritizing security gaps. Recognized as a leader in its field, Pentera serves a global customer base, including both SMBs and enterprises.

How Much Funding Has Pentera Raised?

1. Seed Round
   • Amount Raised: USD 4,500,000
   • Date: January 2018
   • Lead Investors: Awz Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial version of their automated security validation platform and establish a market presence.
2. Series A
   • Amount Raised: USD 10,000,000
   • Date: November 2019
   • Lead Investors: Awz Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
3. Series B
   • Amount Raised: USD 25,000,000
   • Date: August 2020
   • Lead Investors: Insight Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and accelerate product development.
4. Series C
   • Amount Raised: USD 150,000,000
   • Date: January 2022
   • Lead Investors: K1 Investment Management
   • Valuation at Round: Over $1 billion
   • Motivation Behind the Round: To support significant growth in ARR and customer base, and to launch new products.
5. Secondary Market
   • Date: June 2023
   • Lead Investors: Delta-v Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To provide liquidity to early investors and employees.
6. Series D
   • Amount Raised: USD 60,000,000
   • Date: March 2025
   • Lead Investors: Evolution Equity Partners
   • Valuation at Round: Over $1 billion
   • Motivation Behind the Round: To expand in the U.S. market, integrate AI, and explore strategic M&A.

Total Amount Raised: USD 249,500,000. Current Valuation: Over $1 billion.

Key Investors

• Evolution Equity Partners
  • Details: Evolution Equity Partners is an international venture capital firm that invests in high-growth technology companies. They have offices in New York City, Palo Alto, London, and Zurich.
  • Investment Focus Areas: Cybersecurity, enterprise software, AI.
  • Notable Investments: Pentera, Onapsis, Quantexa.
• Farallon Capital Management
  • Details: Farallon Capital Management is a global institutional asset management firm with $40 billion in assets under management. They hold a 10% stake in Salesforce.
  • Investment Focus Areas: Technology, software, growth-stage companies.
  • Notable Investments: Salesforce, Uber, Airbnb.
• K1 Investment Management
  • Details: K1 Investment Management is a private equity firm that focuses on high-growth enterprise software companies. They have a history of scaling businesses through strategic investments.
  • Investment Focus Areas: Enterprise software, SaaS, cybersecurity.
  • Notable Investments: Pentera, Checkmarx, Smarsh.
• Insight Partners
  • Details: Insight Partners is a global venture capital and private equity firm investing in growth-stage technology and software companies. They have a strong track record of helping companies scale.
  • Investment Focus Areas: Technology, software, internet.
  • Notable Investments: Pentera, Shopify, Twitter.
• Awz Ventures
  • Details: Awz Ventures is a venture capital firm that invests in early-stage companies in the cybersecurity and intelligence sectors. They are known for their strategic investments in innovative technologies.
  • Investment Focus Areas: Cybersecurity, intelligence, AI.
  • Notable Investments: Pentera, Nanolock Security, Octopus Systems.

What's Next for Pentera?

Pentera stands at the cusp of significant growth opportunities, driven by its recent $60 million Series D funding. The company is poised to expand its U.S. market presence, integrate advanced AI technologies, and explore strategic mergers and acquisitions. With a 300% increase in annual recurring revenue and a customer base that includes over 1,100 organizations, the potential for scaling is immense.

Future fundraising rounds seem likely as Pentera continues to innovate and expand. The focus on AI integration and market consolidation suggests that additional capital will be essential to support these ambitious initiatives. However, the company will need to navigate challenges such as rapid technological advancements and intense competition in the cybersecurity sector.

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