About Security Innovation
Security Innovation is a company based in Wilmington (United States) founded in 2002 was acquired by Bureau Veritas in July 2024. 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 as of April 06, 2024. Security Innovation has completed 2 acquisitions, including NTRU Cryptosystems and Safelight Security Advisors. Security Innovation offers products and services including Penetration Testing, Secure Code Review, and Cloud Configuration Review. Security Innovation operates in a competitive market with competitors including Checkmarx, Veracode, Snyk, ArmorCode and Onapsis, among others.
- Headquarter Wilmington, United States
- Employees 29 as on 06 Apr, 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 Security Innovation India Private Limited
- Date of Incorporation 30 Mar, 2015
- Jurisdiction Pune, Maharashtra, India
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Annual Revenue
$1.05 M (USD)43.69as on Mar 31, 2023
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Net Profit
$108.16 K (USD)8.22as on Mar 31, 2023
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EBITDA
$345.86 K (USD)17.09as on Mar 31, 2023
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Total Equity Funding
$13.1 M (USD)
in 3 rounds
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Latest Funding Round
$4 M (USD), Series B
Mar 26, 2015
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Investors
Bureau Veritas
& 2 more
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Employee Count
29
as on Apr 06, 2024
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Investments & Acquisitions
NTRU Cryptosystems
& 1 more
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Acquired by
Bureau Veritas
(Jul 25, 2024)
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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.
People of Security Innovation
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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.
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.
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Capital is provided by Brook Venture Partners to expansion-stage businesses.
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Compliance evaluation and certification services are provided worldwide.
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GM
Gordon M. Burns |
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Investor details 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.
Investment portfolio details for Security Innovation
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- Portfolio identities
- Transaction dates
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IT security training and awareness solutions are provided to enterprises.
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Quantum-resistant encryption for embedded security is developed.
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Complete acquisition details for Security Innovation
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Financial Statements - Security Innovation
Detailed financials for Security Innovation
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- Profit trends
- Statement rows
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Security Innovation Comparisons
Peer comparison for Security Innovation
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Competitors of Security Innovation
Security Innovation 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 Checkmarx, Veracode, Snyk, ArmorCode and Onapsis, among others.
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Security testing software is provided for code vulnerability detection.
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AI-powered testing software for securing applications is offered.
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Application security is delivered via a cloud-based developer platform.
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AI powered application security solutions
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Cybersecurity platform for SAP applications is provided by Onapsis.
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Web application vulnerability assessment and compliance solutions are provided.
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Detailed competitors of Security Innovation
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- Full company profiles
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Latest news on Security Innovation
Complete news archive for Security Innovation
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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.
As of Apr 06, 2024, the latest employee count at Security Innovation is 29.
Annual revenue of Security Innovation is $1.05M as on Mar 31, 2023.
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.