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 1 to 12 of 12
| Date | Deal | Amount | Source |
|---|---|---|---|
| November 2025 | SpecterOps 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. | $30m | Report on the SpecterOps funding round of November 2025 (opens in a new tab)via Security, Funded (opens in a new tab) |
| November 2025 | Twenty Technologies raised a Series A roundInvestor Caffeinated Capital | $38m | Report on the Twenty Technologies funding round of November 2025 (opens in a new tab)via Security, Funded (opens in a new tab) |
| September 2025 | Unit 221b raised a seed roundInvestor J2 Ventures | $5m | Report on the Unit 221b funding round of September 2025 (opens in a new tab)via Security, Funded (opens in a new tab) |
| July 2025 | Haicker raised a seed roundInvestor Project Europe | $229k | Report on the Haicker funding round of July 2025 (opens in a new tab) |
| July 2025 | Haicker raised a pre-seed roundInvestor Founderful Campus | $31k | Report on the Haicker funding round of July 2025 (opens in a new tab) |
| June 2025 | ThreatSpike 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 | $14m | Report on the ThreatSpike Red funding round of June 2025 (opens in a new tab)via Security, Funded (opens in a new tab) |
| June 2025 | Melius CyberSafe raised fundingInvestor North East Fund | $338k | Report on the Melius CyberSafe funding round of June 2025 (opens in a new tab)via Security, Funded (opens in a new tab) |
| May 2025 | Horizon3 raised fundingHorizon3 runs autonomous attack testing to find and verify exploitable weaknesses in production environments. | $73m | Report on the Horizon3 funding round of May 2025 (opens in a new tab)via Security, Funded (opens in a new tab) |
| May 2025 | Tulsi received a grantInvestor NC IDEA | $10k | Report on the Tulsi funding round of May 2025 (opens in a new tab) |
| March 2025 | Strike raised a Series A roundInvestor FinTech Collective | $13.5m | Report on the Strike funding round of March 2025 (opens in a new tab)via Security, Funded (opens in a new tab) |
| March 2025 | Evolve Security raised funding | Undisclosed | Report on the Evolve Security funding round of March 2025 (opens in a new tab)via Security, Funded (opens in a new tab) |
| March 2025 | SpecterOps 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 | $75m | Report on the SpecterOps funding round of March 2025 (opens in a new tab)via Security, Funded (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.