Invicti Security Announces $625 Million Growth Investment Led By Summit Partners

Austin, TX and Boston, MA – October 20, 2021 at 8:30am EDT – Invicti SecurityTM, a world chief in software safety testing, immediately introduced that it has signed a definitive settlement for a $625 million funding led by international development fairness investor Summit Partners. The brand new financing will help Invicti’s continued development and product growth initiatives. Summit will be part of forces with Turn/River Capital, which first invested in Invicti in 2017 and can stay a major shareholder going ahead.

Invicti goals to deal with a essential want amongst enterprises and public sector organizations: to safe a whole bunch and even 1000's of internet functions with constrained groups. With its Acunetix and Netsparker product strains, the corporate’s software program is designed to allow organizations to scan their complete internet footprint for vulnerabilities and facilitate remediation by integration into developer workflows. Invicti’s options are acknowledged for his or her industry-leading accuracy, scalability to the complete internet assault floor, and automation that considerably reduces the necessity for guide work by safety and growth groups.

“We're completely thrilled to welcome Summit for this subsequent chapter in our firm’s development,” stated Invicti founder and CEO Ferruh Mavituna. “We’re assured that Summit’s intensive safety expertise will assist speed up our product innovation, develop our attain and tackle the pressing downside of internet software safety confronted by organizations all over the world.”

“Software program growth cycles have shortened dramatically over the past decade, opening new vulnerabilities each time an online software is launched or up to date.

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