- The investment was made by Turn/River Capital, a growth
andprivate equity fund
- Capital will fuel product development, marketing and sales team expansion, and acquisitions to support the increased enterprise demand for mission-critical security software
AUSTIN and LONDON--March 8, 2018--Netsparker, the developers of top-rated web application security scanning software, announced today that it has raised $40M in financing led by Turn/River Capital, a San Francisco-based growth and private equity fund focused on enterprise software companies. The investment will accelerate Netsparker's enterprise product roadmap, grow sales and marketing initiatives, and expand its geographic footprint to meet accelerating enterprise demand for software to detect and manage critical web vulnerabilities.
Netsparker’s solution is automatic, accurate and easy-to-use and can identify security flaws in any type of website, web application and web service. At its core is Netsparker’s unique Proof-Based
“Netsparker’s solution combines unique Proof-Based
"Netsparker’s industry-leading vulnerability detection rates have won over a rapidly expanding, loyal base of thousands of enterprises that trust Netsparker with a mission-critical part of their security," said Dominic Ang, Turn/River Capital's founder
ABOUT TURN/RIVER CAPITAL
Turn/River specializes in buyouts, spin-outs, growth capital investments, founder liquidity, and recapitalizations of technology, web, and SaaS companies. The San Francisco-based team has
Netsparker is an automatic, accurate and easy-to-use web application security scanner that automatically finds security flaws in websites, web applications and web services. Netsparker’s unique Proof-Based ScanningTM technology not only reports vulnerabilities but also automatically tests to confirm they are not false positives. Thousands of organizations, including governments and leading enterprises, depend on Netsparker to detect and manage the mitigation of vulnerabilities. Netsparker is headquartered in the UK, with offices in the U.S. and Turkey. For more information on Netsparker, visit www.netsparker.com or follow the company on Twitter, Facebook
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