Funding

OnSecurity Technology funding news – UK-based OnSecurity Technology Secures £5.5Million in Seed Funding

Jun 11, 2024 | By Startup Rise EU

OnSecurity Technology, a UK-based provider of IT security services has announced that Gresham House Ventures has made a growth investment of £5.5M.

OnSecurity Technology, a UK-based provider of IT security services has announced that Gresham House Ventures has made a growth investment of £5.5M.

SUMMARY

  • OnSecurity, a UK-based provider of IT security services has announced that Gresham House Ventures has made a growth investment of £5.5M.
  • OnSecurity offers CREST-accredited penetration testing, vulnerability management and threat intelligence to customers globally.

OnSecurity Technology , a cybersecurity company that specialises in Penetration Testing, is receiving its first round of equity investment since launching in 2018. The firm, which has been bootstrapped and profitable to date, will use the investment from Gresham House Ventures to accelerate growth more quickly, focusing particularly on growth as well as increasing its R&D spend.

Read also - Visibly funding news – London-based Visibly Secures €7 Million in Funding

OnSecurity Technology , which intends to become the world's leading pentest engagement platform, based in Bristol, now boasts almost 300 customers and over 5,000 pentests completed to date. With the company’s growing client base, OnSecurity Technology also plans to expand its headcount from 35 to 70 employees over the next few years to support its next stage of growth.

RECOMMENDED FOR YOU

recomd
Recent Articles
TDCX Opens Romanian Headquarters To Expand Europe
Startuprise
Oct 30, 2023
recomd
Funding
[Funding alert] Madrid-based Car subscription service REVEL Raises €115 million in Funding
Startup Rise EU
Sep 25, 2023
recomd
Funding
[Funding alert] Cambridge-based Quotient Therapeutics Secures $50M Initial Funding
Startup Rise EU
Nov 22, 2023

Conor O'Neill, Co-Founder & CEO at OnSecurity, said: “I'm super proud of what the OnSecurity team has achieved as a bootstrapped business to date. With no funding, we've grown a multi-million turnover business, with almost 300 customers, and we've developed a truly powerful piece of technology in the OnSecurity platform, which makes booking and managing pentests as simple as possible. However, we thought the time was right to really accelerate our growth by taking a funding round - and from our first conversations with Ben and the team at Gresham House Ventures, they were our preferred investors. Every conversation we have with them is of high value, and they're also a really nice bunch of people to work with, which is very important to us. I'm excited to go on this journey with them over the next few years as we grow into one of the dominant players in the pentest market”.

Steve Carle, GHV Operating Partner at Gresham House Ventures, said: “OnSecurity has built a robust and differentiated platform offering in a market that has historically been plagued with manual processes and poor customer experience. We believe the business is well-placed to expand its client base further over the coming years and support businesses and organisations worldwide in the face of new cybersecurity challenges. We look forward to working closely with Conor, Grace and the OnSecurity team over the coming years to bring OnSecurity’s innovative solutions to a wider market.”

About OnSecurity Technology

OnSecurity offers CREST-accredited penetration testing, vulnerability management and threat intelligence to customers globally. They help you find and fix the security issues that modern cybercriminals prey on.

Recommended Stories for You

story
Funding

[Funding alert] London-based atla Secures $5M in Seed Round Funding

Startup Rise EU Dec 8, 2023

story
UK

The first demonstrator car from Helixx’s “Factory in a Box” has been presented

Startup Rise EU Oct 9, 2023

story
Netherland

[Funding alert] Delft-based AgriData Innovations Secures Undisclosed Funding

Startup Rise EU Feb 19, 2024

story
Funding

[Funding alert] London-based Imaginario AI Raises €900k Pre-Seed Funding

Startup Rise EU Dec 20, 2023

story
Funding

[Funding alert] UK-based Proptech Platform for Buildings Bimsense Secures £750K in Funding

Startup Rise EU Nov 10, 2023

story
Funding

QA.tech funding news – Quality Assurance Testing Startup QA.tech Secures €3Million in Funding

Startup Rise EU May 20, 2024