NetSPI

NetSPI

Private
Minneapolis, MinnesotaCybersecurityhttps://netspi.com

Last Round

Growth Equity

10/5/2022

Total Funding Raised

$500M

Company Overview

NetSPI is a cybersecurity company that provides proactive security solutions including penetration testing as a service (PTaaS), attack surface management (ASM), and breach and attack simulation (BAS).

Sector

Cybersecurity

Verticals

Vulnerability Management, Network Security, Application Security, Cloud Security, Threat Intelligence

Business Model

B2B

Customer Profile

Services & Consulting, Subscription SaaS, Government Contracts

AI Layer

Application

Keywords

penetration testing as a servicePTaaSpen testingoffensive securityattack surface managementexternal attack surface managementEASMbreach and attack simulationBASred teamingvulnerability managementsecurity platformcyber asset attack surface managementCAASMapplication securitycloud securitythreat modelingsecure code reviewblockchain pentestingAI pentesting

Historical Pricing

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NetSPI Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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NetSPI Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Growth Equity10/5/2022
Growth Equity5/12/2021
Growth Equity4/18/2017

Key People

Founding team and executive leadership

Aaron Shilts

President And CEO

Executive Team

NetSPI Investors

Notable investors and investment history

InvestorRounds
Sunstone PartnersGrowth Equity
KKRGrowth Equity
Ten Eleven VenturesGrowth Equity

Market signals

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  • Jan 1, 2026

    Trusted by top 10 U.S. banks and Fortune 500 companies worldwide.

  • Nov 19, 2025

    Named a Leader and Outperformer in the 2025 GigaOm Radar for PTaaS.

NetSPI Filings

SEC and related filings with document metadata.

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NetSPI Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersMinneapolis, Minnesota
Employee Range584
Year Founded2001
Last Funding10/5/2022

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