Detectify Pulls In a €21.5 Million Investment

white hat hackers

writer icon Vera P. Jensen     Detectify   |   Investment     🕐 03. Dec. 2019

Detectify announced the completion of a €21.5 million capital investment round. The Sweden-based company provides cybersecurity services in a slightly different way to what other cybersecurity companies generally offer.

Detectify performs automated security tests on web applications and databases and scans all assets for vulnerabilities, including OWASP Top 10, CORS, Amazon S3 Bucket and DNS misconfigurations.

Next to these services, more than 150 ”handpicked ethical hackers” contribute to ongoing security findings, which later are built into Detectify’s automated scanner tests.

Detectify and the White Hats
Detectify was founded in 2013 by a group of elite Swedish ethical hackers (also called White Hats), who set out to give every company the same level of security as the world’s largest software companies and Government security services.

The team, lead by Fredrik Nordberg Almroth and CEO, Rickard Carlsson, makes sure to continuously collaborate with independent White Hat Hackers, as the quest for security is ever ongoing.

The Series B Round
The Series B investment round was led by British Venture Capitalist firm Balderton Capital alongside existing investors Paua Ventures, Inventure and Insight Partners.

”We are delighted to add Balderton Capital to the group of supporters for our mission. The first conversation with them took place five years ago, so we are thrilled to be partnering with them. The Balderton team is a great match for us as they see an ethical core as a critical element of every great global company,” said Rickard Carlsson, CEO of Detectify.

The money will be used to accelerate the company's trajectory growth path.

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