Web app security firm Detectify lands $10m


Detectify, a domain and web application security company, has scored $10m in investment from a recent funding round.

The round – which was financially backed by Insight Partners – brings the total raised by the Swedish firm to $42m.

Established in 2013, the cloud-based external attack surface management solutions provider scans web applications for thousands of known vulnerabilities and monitors subdomains for malicious takeover.

The company has over 140 employees and claims to have over 1,900 customers, helping them to manage their external attack surface by keeping track of all internet-facing assets and their security status.

Detectify said it will use the new funding to help improve the accuracy of vulnerability assessments and accelerate adoption of its surface monitoring and application scanning platform.

In addition, Detectify plans to also add custom policies for surface monitoring.

Detectify previously closed a €5m round of financing to accelerate its international expansion back in March 2018.

The round was led by New York Insight Venture Partners, with existing investors, Paua Ventures and Inventure, also participating in the funding.

Elsewhere, LayerX recently emerged from a period of stealth by launching its user-first browser security product and securing $7.5m in funding.

LayerX claims its new solution aims to transform any browser into the most secure and manageable workspace with near-zero user impact. 

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