Penetration testing acquisitions and funding
53 acquisitions of penetration testing companies since 2020 and 48 funding rounds since 2022 on record. The most active buyers are Quadrant Private Equity (3), NetSPI (2) and Aikido Security (2). See the penetration testing companies in the directory.
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Deals
Showing 51 to 100 of 101
| Date | Deal | Amount | Source |
|---|---|---|---|
| September 2024 | GRC Group acquired Pentest PeopleCREST and CHECK-accredited UK penetration testing firm with an SecurePortal platform and transparent pricing for mid-market organizations. | Undisclosed | Report on GRC Group buying Pentest People, September 2024 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| August 2024 | Zellic acquired Code4renaSmart contract auditing platform running competitive security audits | Undisclosed | Report on Zellic buying Code4rena, August 2024 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| August 2024 | Cyber Advisors acquired BAI SecurityProvides offensive security testing and governance, risk and compliance solutions | Undisclosed | Report on Cyber Advisors buying BAI Security, August 2024 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| July 2024 | PureCyber raised private equity fundingInvestor Business Growth Fund | $6.4m | Report on the PureCyber funding round of July 2024 (opens in a new tab)via Security, Funded (opens in a new tab) |
| June 2024 | OnSecurity raised a Series A roundCREST-accredited, platform-driven penetration testing vendor in Bristol offering AI-augmented testing with rapid self-service booking for over 400 global customers.Investor Gresham House Ventures | $7m | Report on the OnSecurity funding round of June 2024 (opens in a new tab)via Security, Funded (opens in a new tab) |
| June 2024 | Almanax raised a pre-seed roundInvestor Defy.vc | Undisclosed | Report on the Almanax funding round of June 2024 (opens in a new tab)via Security, Funded (opens in a new tab) |
| March 2024 | FluidOne acquired SureCloud Cyber ServicesFocuses on penetration testing and advising on cyber risk | Undisclosed | Report on FluidOne buying SureCloud Cyber Services, March 2024 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| March 2024 | F5 acquired HeyhackOffers automated reconnaissance and penetration testing | Undisclosed | Report on F5 buying Heyhack, March 2024 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| December 2023 | Wavenet acquired Falanx CyberA British business doing intrusion tests, threat hunting and simulated attacks | Undisclosed | Report on Wavenet buying Falanx Cyber, December 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| November 2023 | IP Pathways acquired Tenax SolutionsSecurity solutions provider offering vulnerability scans, penetration testing and compliance examinations | Undisclosed | Report on IP Pathways buying Tenax Solutions, November 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| October 2023 | Tesserent acquired Beyond BinaryTests systems by simulated attacks and offers expert advice | $4.4m | Report on Tesserent buying Beyond Binary, October 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| October 2023 | Cycura acquired ProackAttacks systems on request, including intrusion tests, red teams and tricking staff | Undisclosed | Report on Cycura buying Proack, October 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| August 2023 | mHACKeroni received a grantInvestor United States Space Force | $50k | Report on the mHACKeroni funding round of August 2023 (opens in a new tab) |
| August 2023 | Aegis raised a seed roundInvestors Generative Ventures and Northern Light Venture Capital | Undisclosed | Report on the Aegis funding round of August 2023 (opens in a new tab) |
| August 2023 | Spearbit raised a seed roundInvestor Framework Ventures | $7m | Report on the Spearbit funding round of August 2023 (opens in a new tab)via Security, Funded (opens in a new tab) |
| August 2023 | Horizon3 raised a Series C roundHorizon3 runs autonomous attack testing to find and verify exploitable weaknesses in production environments.Investor Craft Ventures | $40m | Report on the Horizon3 funding round of August 2023 (opens in a new tab)via Security, Funded (opens in a new tab) |
| August 2023 | CovertSwarm raised fundingSubscription-based offensive cybersecurity firm delivering continuous cyber attack services with CREST STAR and CBEST accreditations from its London headquarters. | Undisclosed | Report on the CovertSwarm funding round of August 2023 (opens in a new tab)via Security, Funded (opens in a new tab) |
| August 2023 | Buguard raised a seed roundInvestor A15 | $500k | Report on the Buguard funding round of August 2023 (opens in a new tab) |
| August 2023 | SIG acquired Triaxiom SecurityCybersecurity firm doing penetration testing, compliance auditing and security consulting | Undisclosed | Report on SIG buying Triaxiom Security, August 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| July 2023 | Delivsec raised a pre-seed round | Undisclosed | Report on the Delivsec funding round of July 2023 (opens in a new tab) |
| July 2023 | SpecterOps raised a Series A roundAdversary-focused security firm created by former DoD red team operators. Creators of BloodHound. CREST-accredited for penetration testing, red teaming, and purple team assessments.Investor Ballistic Ventures | $8.5m | Report on the SpecterOps funding round of July 2023 (opens in a new tab)via Security, Funded (opens in a new tab) |
| July 2023 | Digital Value acquired A-76Firm testing systems, watching threats and running a security operations centre | Undisclosed | Report on Digital Value buying A-76, July 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| June 2023 | ECIT acquired KovertFirm focused on intrusion checks, security checks and mimicking online assaults | Undisclosed | Report on ECIT buying Kovert, June 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| May 2023 | Chess acquired CyberLabCardiff-based CREST and CHECK-accredited cyber security company delivering penetration testing, red teaming, and OT security assessments as part of the Chess Group. | Undisclosed | Report on Chess buying CyberLab, May 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| April 2023 | SpecterOps raised a Series A roundAdversary-focused security firm created by former DoD red team operators. Creators of BloodHound. CREST-accredited for penetration testing, red teaming, and purple team assessments.Investor Decibel Partners | $25m | Report on the SpecterOps funding round of April 2023 (opens in a new tab)via Security, Funded (opens in a new tab) |
| April 2023 | Kaseya acquired Vonahi SecurityProvides an automated network penetration testing platform | Undisclosed | Report on Kaseya buying Vonahi Security, April 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| April 2023 | Core4ce acquired PatchAdvisorIT security firm providing penetration testing services | Undisclosed | Report on Core4ce buying PatchAdvisor, April 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| March 2023 | Quadrant Private Equity acquired ZXOffers security assessment, penetration testing, training and certification services | Undisclosed | Report on Quadrant Private Equity buying ZX, March 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| March 2023 | Quadrant Private Equity acquired Quantum SecurityOffers security assessment, penetration testing, training and certification services | Undisclosed | Report on Quadrant Private Equity buying Quantum Security, March 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| March 2023 | Quadrant Private Equity acquired Helix SecurityOffers security assessment, penetration testing, training and certification services | Undisclosed | Report on Quadrant Private Equity buying Helix Security, March 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| February 2023 | Wavenet acquired Fidus Information SecurityUK consultancy providing penetration testing and security testing services | Undisclosed | Report on Wavenet buying Fidus Information Security, February 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| February 2023 | Accenture acquired MorphusOffers intrusion testing, oversight, risk control and outsourced security | Undisclosed | Report on Accenture buying Morphus, February 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| January 2023 | NetSPI acquired NvisiumProvides offensive security and penetration testing services | Undisclosed | Report on NetSPI buying Nvisium, January 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| January 2023 | Beyon Cyber acquired DTS SolutionDubai-based cybersecurity firm providing pen testing and security consulting across the GCC with expertise in critical infrastructure. | Undisclosed | Report on Beyon Cyber buying DTS Solution, January 2023 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| November 2022 | Bishop Fox raised fundingTempe, Arizona-headquartered offensive security firm and Black Hat / DEF CON regulars, makers of the Cosmos continuous attack surface management platform.Investor WestCap | $46m | Report on the Bishop Fox funding round of November 2022 (opens in a new tab)via Security, Funded (opens in a new tab) |
| October 2022 | Hexens raised a seed roundHexens audits smart contracts and provides offensive security for blockchain and Web3 projects.Investor IOSG Ventures | $4.2m | Report on the Hexens funding round of October 2022 (opens in a new tab)via Security, Funded (opens in a new tab) |
| October 2022 | NetSPI raised fundingPenetration testing firm trusted by nine of the top ten US banks, with the Resolve platform for continuous attack surface management.Investor KKR | $410m | Report on the NetSPI funding round of October 2022 (opens in a new tab)via Security, Funded (opens in a new tab) |
| September 2022 | SGS acquired Penumbra SecurityProvides information security assessment services to organisations | Undisclosed | Report on SGS buying Penumbra Security, September 2022 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| July 2022 | Bishop Fox raised a Series B roundTempe, Arizona-headquartered offensive security firm and Black Hat / DEF CON regulars, makers of the Cosmos continuous attack surface management platform.Investor Carrick Capital Partners | $75m | Report on the Bishop Fox funding round of July 2022 (opens in a new tab)via Security, Funded (opens in a new tab) |
| July 2022 | Resecurity acquired Cybit SecCarries out checks for weak points and tests that try to break into systems | Undisclosed | Report on Resecurity buying Cybit Sec, July 2022 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| April 2022 | Strike raised a seed roundInvestor Greyhound Capital | $5.4m | Report on the Strike funding round of April 2022 (opens in a new tab) |
| February 2022 | XMIRROR raised a Series B round | Undisclosed | Report on the XMIRROR funding round of February 2022 (opens in a new tab) |
| February 2022 | Appalachia Technologies acquired Cyber Protection GroupSpecialises in penetration testing and compliance | Undisclosed | Report on Appalachia Technologies buying Cyber Protection Group, February 2022 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| September 2021 | Solvinity acquired SecurifyTests software safety and breaks into systems for clients | Undisclosed | Report on Solvinity buying Securify, September 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| August 2021 | GoVanguard acquired Gotham SecurityProvides red-teaming and penetration testing services | Undisclosed | Report on GoVanguard buying Gotham Security, August 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| August 2021 | Chess acquired ArmadilloOffers intrusion testing, weakness checks and simulated attacks | Undisclosed | Report on Chess buying Armadillo, August 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| July 2021 | Avantus Federal acquired Occam’s Razor TechnologiesFocuses on breaking into networks and cyber research work | Undisclosed | Report on Avantus Federal buying Occam’s Razor Technologies, July 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| April 2021 | Coalfire acquired Neuralys CorporationA web tool for organising tests that probe system weaknesses | Undisclosed | Report on Coalfire buying Neuralys Corporation, April 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| February 2021 | Guardforce AI acquired Handshake NetworkingA firm in Hong Kong that tests systems by trying to break in | Undisclosed | Report on Guardforce AI buying Handshake Networking, February 2021 (opens in a new tab)via SecurityWeek (opens in a new tab) |
| November 2020 | Acronis acquired CyberLynxOffers security audits, pen tests, forensics and training | Undisclosed | Report on Acronis buying CyberLynx, November 2020 (opens in a new tab)via Cybersecurity Ventures (opens in a new tab) |
Acquisitions come from SecurityWeek's monthly M&A round-ups from 2021 onwards, from Cybersecurity Ventures' quarterly M&A reports for 2020, and a few from Wikipedia lists. Funding rounds from 2022 onwards come from Return on Security's weekly Security, Funded newsletter. These are dated to the month. A few deals added from the news are dated to the day. Smaller deals may be missing. Each Report link goes to the announcement or story the source cites, and the via link to the round-up or newsletter issue. Amounts are in US dollars. The category is what the bought or funded company sells.