About NetSPI
NetSPI is a company based in Minneapolis (United States) founded in 2001.. NetSPI has raised $500 million across 3 funding rounds from investors including KKR, Sunstone Partners and Ten Eleven Ventures. The company has 65 employees as of March 25, 2024. NetSPI has completed 3 acquisitions, including Hubble, Silent Break Security and nVisium. NetSPI offers products and services including NetSPI PTaaS, NetSPI ASM, NetSPI BAS, Application Pentesting, and Cloud Pentesting. NetSPI operates in a competitive market with competitors including Optiv Security, CertiK, Convergint, Detectify and SilverSky, among others.
- Headquarter Minneapolis, United States
- Employees 65 as on 25 Mar, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Netspi India Private Limited
- Date of Incorporation 01 Aug, 2019
- Jurisdiction Haveli, Maharashtra, India
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Annual Revenue
$1.72 M (USD)32.57as on Mar 31, 2022
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Net Profit
$174.52 K (USD)40.38as on Mar 31, 2022
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EBITDA
$289.99 K (USD)52.06as on Mar 31, 2022
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Total Equity Funding
$500 M (USD)
in 3 rounds
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Latest Funding Round
$410 M (USD), Series C
Oct 05, 2022
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Investors
KKR
& 2 more
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Employee Count
65
as on Mar 25, 2024
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Investments & Acquisitions
Hubble
& 2 more
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Products & Services of NetSPI
NetSPI offers a comprehensive portfolio of products and services, including NetSPI PTaaS, NetSPI ASM, NetSPI BAS, Application Pentesting, and Cloud Pentesting. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for contextualized pentesting of applications and APIs
Provides visibility and monitoring of external attack surfaces
Simulates attacks to validate security detection controls
Secures web, mobile, and virtual applications against vulnerabilities
Assesses AWS, Azure, and Google cloud infrastructures for risks
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Funding Insights of NetSPI
NetSPI has successfully raised a total of $500M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $410 million completed in October 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series C — $410.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2022 | Amount | Series C - NetSPI | Valuation | KKR | |
| May, 2021 | Amount | Series B - NetSPI | Valuation | KKR | |
| Apr, 2017 | Amount | Series A - NetSPI | Valuation | Sunstone Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in NetSPI
NetSPI has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include KKR, Sunstone Partners and Ten Eleven Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Growth-oriented private equity firm investing in AI and technology-enabled services and software companies.
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Founded Year | Domain | Location | |
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Early & growth stage centric tech-focused VC firm investing in cybersecurity startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NetSPI
NetSPI has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Hubble, Silent Break Security and nVisium. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Digital assets management is facilitated by online software.
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2020 | ||||
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Proactive cybersecurity solutions and penetration testing services are offered.
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2011 | ||||
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IT security services are provided by nVisium to various clients.
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2009 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NetSPI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Netspi Comparisons
Competitors of NetSPI
NetSPI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Optiv Security, CertiK, Convergint, Detectify and SilverSky, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
IT risk management solutions are delivered via a specialized platform.
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| domain | founded_year | HQ Location |
Online platform for blockchain and smart contract cybersecurity
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| domain | founded_year | HQ Location |
Electronic security and fire alarm systems are integrated and serviced.
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| domain | founded_year | HQ Location |
Cloud-based platform offering endpoint security for EASM
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| domain | founded_year | HQ Location |
Cloud security and compliance solution company
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| domain | founded_year | HQ Location |
Cyber monitoring solutions and security research are provided for defense.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Netspi
Frequently Asked Questions about NetSPI
When was NetSPI founded?
NetSPI was founded in 2001 and raised its 1st funding round 16 years after it was founded.
Where is NetSPI located?
NetSPI is headquartered in Minneapolis, United States. It is registered at Minneapolis, Minnesota, United States.
Is NetSPI a funded company?
NetSPI is a funded company, having raised a total of $500M across 3 funding rounds to date.
How many employees does NetSPI have?
As of Mar 25, 2024, the latest employee count at NetSPI is 65.
What is the annual revenue of NetSPI?
Annual revenue of NetSPI is $1.72M as on Mar 31, 2022.
What does NetSPI do?
NetSPI was founded in 2001 and is headquartered in Minneapolis, United States. Cybersecurity services are provided, including attack surface management, threat detection, and penetration testing. Continuous monitoring and pentesting are enabled through their products to prevent surface attacks. Testing as a service covers networks, applications, IoT devices, and blockchain technologies. Operations focus on enhancing security for various digital infrastructures.
Who are the top competitors of NetSPI?
NetSPI's top competitors include CertiK, Optiv Security and Detectify.
What products or services does NetSPI offer?
NetSPI offers NetSPI PTaaS, NetSPI ASM, NetSPI BAS, Application Pentesting, and Cloud Pentesting.
How many acquisitions has NetSPI made?
NetSPI has made 3 acquisitions, including Hubble, Silent Break Security, and nVisium.
Who are NetSPI's investors?
NetSPI has 3 investors. Key investors include KKR, Sunstone Partners, and Ten Eleven Ventures.
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