# Netsparker

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/netsparker

- Industry: Software
- Headquarters: UK
- Website: www.netsparker.com
- Total disclosed funding: $45M
- Latest round: Series A (Dec 15, 2017)
- Investors on record: 1

## About

Netsparker Ltd. specializes in web application and API security, offering advanced solutions for vulnerability detection and management to enhance client security postures.Founded in 2009 in the UK, Netsparker Ltd. provides web application security solutions. The company raised GBP 34.08 million in Series A funding on December 15, 2017, led by Turn/River Capital, valuing it at GBP 40.09 million post-money.Invicti, formerly known as Netsparker, specializes in web application and API security solutions, primarily through its flagship product, Invicti DAST (Dynamic Application Security Testing). This advanced solution is designed for enterprises to detect, validate, and prioritize vulnerabilities within their web applications and APIs, including REST, SOAP, gRPC, and GraphQL. Invicti's core offerings include proof-based scanning, which ensures that only genuine, exploitable risks are reported, thus minimizing alert fatigue among security teams. The platform integrates seamlessly into the Software Development Life Cycle (SDLC), providing remediation guidance and compliance-ready reporting aligned with standards such as PCI DSS and SOC 2. Invicti serves a diverse client base that spans multiple sectors, including IT and telecommunications, government, financial services, and healthcare, with products available in markets across North America, Europe, and Asia.In 2023, Invicti reported revenue of GBP 77.80 mn, with an EBITDA of GBP 14.01 mn. The company generates revenue primarily through subscription-based models for its software solutions, allowing clients to access ongoing security services and updates. The transactions typically involve annual or multi-year contracts, with clients ranging from government agencies to large enterprises, who utilize the platform for continuous vulnerability management and compliance. The pricing structure is tailored to accommodate varying needs; however, specific cost details are not disclosed. Invicti’s offerings, including its robust DAST engine and integrated security solutions, enable clients to enhance their application security posture effectively while optimizing their internal security processes. The company’s focus on providing a comprehensive and accurate scanning solution positions it favorably within the application security market.Netsparker Ltd. plans to leverage recent funding from the GBP 34.08 million secured in Series A financing to enhance product development and expand its market reach. The company aims to introduce new features and products in its security solutions to cater to evolving market demands. Additionally, Netsparker is focused on expanding its presence in North America, Europe, and Asia, with particular attention to enhancing its services in sectors where web security needs are growing, with efforts planned for the coming years.

## Funding rounds

- Series A, Dec 15, 2017, $45M — Turn/River Capital

## Investors

- Turn/River Capital (https://capitalatlas.ai/funds/turn-river-capital) — Series A