About Security Innovation
Security Innovation is a Technology company based in Wilmington (United States) founded in 2002, and was acquired by Bureau Veritas in July 2024. It operates as an application security awareness, cryptography, and embedded security solutions are provided. Security Innovation has raised $13.1 million across 3 funding rounds from investors including Bureau Veritas, Brook Venture Partners and Gordon M. Burns. The company has 29 employees. Security Innovation has completed 2 acquisitions, including NTRU Cryptosystems and Safelight Security Advisors. Its Indian entity Security Innovation India Private Limited reported revenue of ₹8.71 Cr. Security Innovation offers products and services including Penetration Testing, Secure Code Review, and Cloud Configuration Review. Its focus areas include Enterprise Infrastructure, Cybersecurity, Application Security and Vulnerability Assessment. Its competitors include Checkmarx, Veracode, Snyk, ArmorCode and Onapsis and 4 more; 9 of its 9 listed competitors have raised funding.
Company details
Founded in 2002 and based in Wilmington, United States, Security Innovation operates in the cybersecurity sector. Encryption toolkits, libraries, and embedded security products are developed, including NTRU Crypto for quantum-resistant encryption and signing, Aerolink for vehicle communications, and TEAM Professor for security training. Professional services encompass SDLC assessments, compliance reviews, code analysis, penetration testing, and threat modeling. Open-source and commercial licensing options are available for select algorithms.
- Headquarters Wilmington, United States
- Employees 29
- Stage Acquired
- SectorsTechnology
- Website category Computers Electronics and Technology · Computer Security
- Email••••••••
- Phone•••• ••••
- Website securityinnovation.com
- Social LinkedIn X Facebook
- Acquired by Bureau Veritas (Jul 2024)
- Legal Name Security Innovation India Private Limited
- Date of Incorporation 30 Mar, 2015
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹8.71 Cr
FY 2023 · +44% YoY
- Net Profit₹90 Lakh
FY 2023 · 10% margin
- EBITDA₹1.35 Cr
FY 2023 · 16% margin
- Total Equity Funding$13.1M (USD)
in 3 rounds
- Latest Funding Round$4M (USD), Series B
Mar 2015
- InvestorsBureau Veritas
& 2 more
- Employee Count29
- Investments & AcquisitionsNTRU Cryptosystems
& 1 more
- Acquired byBureau Veritas
(Jul 2024)
Associated legal entities of Security Innovation
Security Innovation operates through Security Innovation India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2023) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Security Innovation India Private Limited CIN U74900PN2015FTC154538 | Active | 30 Mar 2015 | Pune, Maharashtra | ₹8.7 Cr | 29 | 4 | View details |
Products & Services of Security Innovation
Security Innovation offers a comprehensive portfolio of products and services, including Penetration Testing, Secure Code Review, and Cloud Configuration Review.
Simulates attacks to identify vulnerabilities in software and networks.
Manually reviews code to detect and fix exploitable flaws.
Assesses cloud setups to mitigate configuration errors.
Funding Insights of Security Innovation
Security Innovation has successfully raised a total of $13.1M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $4 million completed in March 2015. 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 $13.1M
- Total Rounds 3
- Last Round Series B — $4M
- First Round $7.1M
(Jun 2008)
- Investors Count 2
All 3 funding rounds of Security Innovation with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2015 | $4M | Series B | – | Brook Venture Partners | |
| Jul 2010 | $2M | Series A | – | Brook Venture Partners | – |
| Jun 2008 | $7.1M | Series A | – | Brook Venture Partners | – |
3 investors in total: 2 institutional and 1 angel.
Investors in Security Innovation
Security Innovation has secured backing from 3 investors, including institutional and angel investors. Prominent investors backing the company include Bureau Veritas, Brook Venture Partners and Gordon M. Burns.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Capital is provided by Brook Venture Partners to expansion-stage businesses. | – | brookventure.com | Wakefield, United States | |
Compliance evaluation and certification services are provided worldwide. | 1828 | bureauveritas.com | Paris, France | |
GM Gordon M. Burns | - | – | unknown_bee0211ac7364db68 | - |
Investor details for Security Innovation
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Board of directors of Security Innovation India Private Limited (Security Innovation)
Security Innovation India Private Limited is the primary company behind Security Innovation. The board of Security Innovation India Private Limited currently have 4 directors; the longest-serving is Edward Robinson Adams, appointed in 2015.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Edward Robinson Adams DIN 07041180 | Director | 30 Mar 2015 | 11 yrs 6 mo | Security Innovation India Private Limited |
| Aditya Kakrania DIN 05010234 | Director | 30 Mar 2015 | 11 yrs 6 mo | Security Innovation India Private Limited |
| Jeffrey Thomas Emig DIN 08498334 | Director | 22 Jul 2019 | 7 yrs 2 mo | Security Innovation India Private Limited |
| Satish Surapuraju DIN 10264080 | Director | 07 Aug 2023 | 3 yrs 2 mo | Security Innovation India Private Limited |
People of Security Innovation
9 people are tracked at Security Innovation (4 in leadership, 5 in team); the tracked headcount is 29.
| Name | Role | Group |
|---|---|---|
Anthony Follett | Director Of Engineering | Leadership |
Zakariya Dehlawi | VP Of Engineering | Leadership |
Dinesh Shetty | Director, Security Engineering - Security Innovation | Leadership |
Kellyn Bartlett | Head Of Marketing | Leadership |
Karl Parry | Senior Security Engineer | Team |
Trent Clostio | Senior Security Engineer | Team |
Jeff Berry | Strategic Account Executive | Team |
Mike Cooper | Senior Manager, Solutions Engineering | Team |
Jingjing Dong | Software Engineer II | Team |
Complete people profiles for Security Innovation
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Financials of Security Innovation
Figures of Security Innovation India Private Limited, the primary company behind Security Innovation, for FY 2023. Revenue was ₹8.71 Cr (+44% year on year). Net profit was ₹90 Lakh (10% margin). EBITDA was ₹1.35 Cr (16% margin). Revenue has grown at a compounded annual rate of +29% over three years and +32% over five years.
- ₹8.71 CrRevenue · FY 2023 · +44% YoY
- ₹90 LakhNet profit · 10% margin
- ₹1.35 CrEBITDA · 16% margin
- ₹1 LakhPaid-up capital
- 29Employees (provident fund records)
- +29%Revenue CAGR, 3 years
- +32%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Security Innovation India Private Limited are on its company page.
Detailed financial statements for Security Innovation
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Investments & Acquisitions by Security Innovation
Security Innovation has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include NTRU Cryptosystems and Safelight Security Advisors.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
IT security training and awareness solutions are provided to enterprises. | safelightsecurity.com | Lincoln, United States | 2007 | Jul 2014 | •••• | |
Quantum-resistant encryption for embedded security is developed. | ntru.com | Wilmington, United States | 1996 | Jul 2009 | •••• |
Complete acquisition details for Security Innovation
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Timeline of Security Innovation
6 dated milestones of Security Innovation across 22 years, from founding to its latest funding, stage changes and deals.
- Founded Security Innovation is founded.
- Funding First funding round of $7.1M.
- Acquisition Acquires NTRU Cryptosystems.
- Acquisition Acquires Safelight Security Advisors.
- Funding Latest funding round, Series B, of $4.0M.
- Exit Acquired by Bureau Veritas.
Competitors of Security Innovation
Security Innovation has 9 listed competitors in our database, 9 of them funded. They include Checkmarx, Veracode, Snyk, ArmorCode and Onapsis, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| checkmarx.com | 2006 | Atlanta, United States | $98.5M | 161 | Security testing software is provided for code vulnerability detection. | |
| veracode.com | 2006 | Burlington, United States | $106.88M | 692 | AI-powered testing software for securing applications is offered. | |
| snyk.io | 2015 | Boston, United States | $1.32B | 1,444 | Application security is delivered via a cloud-based developer platform. | |
| armorcode.com | 2020 | Palo Alto, United States | $65M | – | AI powered application security solutions | |
| onapsis.com | 2009 | Boston, United States | $112.58M | 111 | Cybersecurity platform for SAP applications is provided by Onapsis. | |
| watchfire.com | 1996 | Waltham, United States | $25M | 365 | Web application vulnerability assessment and compliance solutions are provided. | |
| adaptive-shield.com | 2019 | Tel Aviv, Israel | $44M | – | Cloud-based cyber risk and vulnerability assessments are delivered. | |
| stackhawk.com | 2019 | Denver, United States | $47.35M | – | Cloud based security testing software | |
| invicti.com | 2006 | Austin, United States | $665M | – | Web application security testing solutions are provided by Invicti. |
Detailed competitors of Security Innovation
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Web traffic of Security Innovation
The website of Security Innovation (securityinnovation.com) receives about 6.1K visits a month and ranks #3,319,787 among all websites worldwide, #6,396 in Computer Security.
- Monthly visits6.1K
▼ 2.9% vs previous month
- Unique visitors2.6K
per month
- Global rank#3,319,787
among all websites
- Category rank#6,396
Computers Electronics and Technology · Computer Security
- Bounce rate42%
- Pages per visit1.5
- Average visit7 sec
- DevicesDesktop 43% · Mobile 57%
Websites whose visitors overlap most with Security Innovation. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| whitehatsec.com | 100% | 3.3K | #3,554,604 | View details | |
| aspectsecurity.com | 94% | – | – | View details | |
| rapid7.com | 83% | 827.8K | #52,970 | View details | |
edgeos.com | edgeos.com | 83% | – | – | – |
| coresecurity.com | 82% | 54.9K | #708,989 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 31 similar websites and full traffic analytics for Security Innovation
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Top companies in Cybersecurity & Data Protection
10 companies that operate in the same segment as Security Innovation (Cybersecurity & Data Protection), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 7,330 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Cloud-based identity management solutions are provided for enterprises. | 2002 | Denver, Colorado, United States | USD 136.89 M | USD 36.94 M | 821 | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, Ile de France, France | USD 575.4 M | – | 802 | |
AI-based software suites are developed for navigation applications. | 1893 | Paris, France | – | USD 26.01 B | 83,020 | |
Cloud based platform offering IT operational data and security analytics software | 2003 | San Francisco, California, United States | USD 40 M | USD 2.59 M | 108 | |
Cloud-based enterprise management solutions including backup and recovery are provided. | 2003 | Singapore, Singapore | USD 658 M | – | 1,898 | |
Cloud-based identity management and authentication are provided for enterprises. | 2009 | San Francisco, California, United States | USD 228.5 M | USD 2.92 B | 7,934 | |
Cloud and application performance management platform is provided. | 2010 | New York, New York, United States | USD 147.19 M | USD 2.68 B | 6,500 | |
Identity security solutions are provided to secure identities across infrastructures. | 1999 | Petah Tikva, Central District, Israel | USD 59 M | USD 1 B | 3,790 |
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Frequently Asked Questions about Security Innovation
Security Innovation was founded in 2002 and raised its 1st funding round 6 years after it was founded.
Security Innovation is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Security Innovation is a funded company, having raised a total of $13.1M across 3 funding rounds to date. The company's 1st funding round was a Series A of $7.1M, raised on Jun 2008.
Security Innovation has 29 employees.
The primary company behind Security Innovation, Security Innovation India Private Limited, reported revenue of ₹8.71 Cr for FY 2023, up 44% year on year.
Founded in 2002 and based in Wilmington, United States, Security Innovation operates in the cybersecurity sector. Encryption toolkits, libraries, and embedded security products are developed, including NTRU Crypto for quantum-resistant encryption and signing, Aerolink for vehicle communications, and TEAM Professor for security training. Professional services encompass SDLC assessments, compliance reviews, code analysis, penetration testing, and threat modeling. Open-source and commercial licensing options are available for select algorithms.
Security Innovation offers Penetration Testing, Secure Code Review, and Cloud Configuration Review.
Security Innovation has made 2 acquisitions, including NTRU Cryptosystems, and Safelight Security Advisors.
Security Innovation has 3 investors. Key investors include Bureau Veritas, Brook Venture Partners, and Gordon M. Burns.
Security Innovation operates through Security Innovation India Private Limited.
Yes. Security Innovation was acquired by Bureau Veritas in July 2024.