cybersecdirectory

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.

48funding rounds
$1.4bnraised in the 40 rounds with a disclosed size
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Deals

Showing 1 to 48 of 48

DateDealAmountSource
September 2026CounterMeasure Security raised a seed round$1.4mReport on the CounterMeasure Security funding round of September 2026 (opens in a new tab)
September 2026FAZE Security raised a seed roundInvestor New Era Capital Partners$6mReport on the FAZE Security funding round of September 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
August 2026Cytix raised a Series A roundInvestor Northern Gritstone$7mReport on the Cytix funding round of August 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
August 2026Horizon3 raised a Series E roundHorizon3 runs autonomous attack testing to find and verify exploitable weaknesses in production environments.Investors NightDragon and New Enterprise Associates$250mReport on the Horizon3 funding round of August 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
July 2026Twenty Technologies raised a Series B roundInvestor Khosla Ventures$30mReport on the Twenty Technologies funding round of July 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
July 2026OBDURIX raised a seed roundUndisclosedReport on the OBDURIX funding round of July 2026 (opens in a new tab)
July 2026Casco raised a Series A roundInvestor Standard Capital$13mReport on the Casco funding round of July 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
June 2026Twenty Technologies raised a Series B roundInvestor Accel$100mReport on the Twenty Technologies funding round of June 2026 (opens in a new tab)
June 2026A Security raised a seed roundInvestor CyberStarts$5mReport on the A Security funding round of June 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
June 2026A Security raised a Series A roundInvestor Lightspeed Venture Partners$32mReport on the A Security funding round of June 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
May 2026Vulnetic raised a pre-seed round$35kReport on the Vulnetic funding round of May 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
May 2026Prikus raised a seed round$2.5mReport on the Prikus funding round of May 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
April 2026Autonomous Cyber raised a seed round$2.5mReport on the Autonomous Cyber funding round of April 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
April 2026APX Security raised a seed round$375kReport on the APX Security funding round of April 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
March 2026RunSybil raised a seed roundInvestor Khosla Ventures$40mReport on the RunSybil funding round of March 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
January 2026Novee Security raised a seed roundInvestors YL Ventures, Canaan Partners and Oren Zeev$51.5mReport on the Novee Security funding round of January 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
January 2026Horizon3 raised fundingHorizon3 runs autonomous attack testing to find and verify exploitable weaknesses in production environments.Investor Prosperity7 VenturesUndisclosedReport on the Horizon3 funding round of January 2026 (opens in a new tab)via Security, Funded (opens in a new tab)
November 2025SpecterOps raised fundingAdversary-focused security firm created by former DoD red team operators. Creators of BloodHound. CREST-accredited for penetration testing, red teaming, and purple team assessments.$30mReport on the SpecterOps funding round of November 2025 (opens in a new tab)via Security, Funded (opens in a new tab)
November 2025Twenty Technologies raised a Series A roundInvestor Caffeinated Capital$38mReport on the Twenty Technologies funding round of November 2025 (opens in a new tab)via Security, Funded (opens in a new tab)
September 2025Unit 221b raised a seed roundInvestor J2 Ventures$5mReport on the Unit 221b funding round of September 2025 (opens in a new tab)via Security, Funded (opens in a new tab)
July 2025Haicker raised a seed roundInvestor Project Europe$229kReport on the Haicker funding round of July 2025 (opens in a new tab)
July 2025Haicker raised a pre-seed roundInvestor Founderful Campus$31kReport on the Haicker funding round of July 2025 (opens in a new tab)
June 2025ThreatSpike Red raised a Series A roundLondon-based cybersecurity firm offering unlimited, fixed-price penetration testing and red teaming services with ISO 27001 certification and a unique subscription model.Investor Expedition Growth Capital$14mReport on the ThreatSpike Red funding round of June 2025 (opens in a new tab)via Security, Funded (opens in a new tab)
June 2025Melius CyberSafe raised fundingInvestor North East Fund$338kReport on the Melius CyberSafe funding round of June 2025 (opens in a new tab)via Security, Funded (opens in a new tab)
May 2025Horizon3 raised fundingHorizon3 runs autonomous attack testing to find and verify exploitable weaknesses in production environments.$73mReport on the Horizon3 funding round of May 2025 (opens in a new tab)via Security, Funded (opens in a new tab)
May 2025Tulsi received a grantInvestor NC IDEA$10kReport on the Tulsi funding round of May 2025 (opens in a new tab)
March 2025Strike raised a Series A roundInvestor FinTech Collective$13.5mReport on the Strike funding round of March 2025 (opens in a new tab)via Security, Funded (opens in a new tab)
March 2025Evolve Security raised fundingUndisclosedReport on the Evolve Security funding round of March 2025 (opens in a new tab)via Security, Funded (opens in a new tab)
March 2025SpecterOps raised a Series B 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 Insight Partners$75mReport on the SpecterOps funding round of March 2025 (opens in a new tab)via Security, Funded (opens in a new tab)
September 2024Pentra raised a pre-seed roundInvestor Early Game Ventures$167kReport on the Pentra funding round of September 2024 (opens in a new tab)via Security, Funded (opens in a new tab)
July 2024PureCyber raised private equity fundingInvestor Business Growth Fund$6.4mReport on the PureCyber funding round of July 2024 (opens in a new tab)via Security, Funded (opens in a new tab)
June 2024OnSecurity 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$7mReport on the OnSecurity funding round of June 2024 (opens in a new tab)via Security, Funded (opens in a new tab)
June 2024Almanax raised a pre-seed roundInvestor Defy.vcUndisclosedReport on the Almanax funding round of June 2024 (opens in a new tab)via Security, Funded (opens in a new tab)
August 2023mHACKeroni received a grantInvestor United States Space Force$50kReport on the mHACKeroni funding round of August 2023 (opens in a new tab)
August 2023Aegis raised a seed roundInvestors Generative Ventures and Northern Light Venture CapitalUndisclosedReport on the Aegis funding round of August 2023 (opens in a new tab)
August 2023Spearbit raised a seed roundInvestor Framework Ventures$7mReport on the Spearbit funding round of August 2023 (opens in a new tab)via Security, Funded (opens in a new tab)
August 2023Horizon3 raised a Series C roundHorizon3 runs autonomous attack testing to find and verify exploitable weaknesses in production environments.Investor Craft Ventures$40mReport on the Horizon3 funding round of August 2023 (opens in a new tab)via Security, Funded (opens in a new tab)
August 2023CovertSwarm raised fundingSubscription-based offensive cybersecurity firm delivering continuous cyber attack services with CREST STAR and CBEST accreditations from its London headquarters.UndisclosedReport on the CovertSwarm funding round of August 2023 (opens in a new tab)via Security, Funded (opens in a new tab)
August 2023Buguard raised a seed roundInvestor A15$500kReport on the Buguard funding round of August 2023 (opens in a new tab)
July 2023Delivsec raised a pre-seed roundUndisclosedReport on the Delivsec funding round of July 2023 (opens in a new tab)
July 2023SpecterOps 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$8.5mReport on the SpecterOps funding round of July 2023 (opens in a new tab)via Security, Funded (opens in a new tab)
April 2023SpecterOps 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$25mReport on the SpecterOps funding round of April 2023 (opens in a new tab)via Security, Funded (opens in a new tab)
November 2022Bishop 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$46mReport on the Bishop Fox funding round of November 2022 (opens in a new tab)via Security, Funded (opens in a new tab)
October 2022Hexens raised a seed roundHexens audits smart contracts and provides offensive security for blockchain and Web3 projects.Investor IOSG Ventures$4.2mReport on the Hexens funding round of October 2022 (opens in a new tab)via Security, Funded (opens in a new tab)
October 2022NetSPI raised fundingPenetration testing firm trusted by nine of the top ten US banks, with the Resolve platform for continuous attack surface management.Investor KKR$410mReport on the NetSPI funding round of October 2022 (opens in a new tab)via Security, Funded (opens in a new tab)
July 2022Bishop 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$75mReport on the Bishop Fox funding round of July 2022 (opens in a new tab)via Security, Funded (opens in a new tab)
April 2022Strike raised a seed roundInvestor Greyhound Capital$5.4mReport on the Strike funding round of April 2022 (opens in a new tab)
February 2022XMIRROR raised a Series B roundUndisclosedReport on the XMIRROR funding round of February 2022 (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.