Osborne Clarke Sweden has advised Detectify, a leading Attack Surface Management platform for AppSec teams powered by elite ethical hackers, on the acquisition of a majority stake in the company by global software investor Insight Partners. The transaction, finalised in October 2024, provides new funding to accelerate product innovation and drive profitable growth.
Insight Partners' acquisition reinforces its longstanding support for Detectify's vision, building upon its participation in previous funding rounds, including Series A, Series B, and follow-on funding. Venture Capital firm Balderton, which led Series B funding, remains a minority stakeholder. The new funding will further accelerate product innovation, focusing on delivering a new approach to application security testing for growing attack surfaces.
The Osborne Clarke team that advised Detectify was led by corporate partner Mikael Nelson and senior associate Beatrice Suomela.
For more information, please visit https://detectify.prowly.com/360763-insight-partners-acquires-majority-stake-in-detectify
About Osborne Clarke: Osborne Clarke has a market-leading international venture capital practice for companies operating in tech-enabled industries. The team has an outstanding track record advising global investors, venture capital funds, fast-growth companies and market challengers that are driving innovation, advising at every stage of company development across all corporate areas, from equity and debt fundraising to private M&A and IPOs.
About Detectify: Detectify sets the standard for advanced application security testing, using a combination of light and deep scanning to provide comprehensive attack surface coverage. Application security teams trust Detectify to expose how attackers will exploit their Internet-facing applications. The Detectify platform automates continuous real-world, payload-based attacks crowdsourced through its global community of elite ethical hackers, exposing critical weaknesses before it’s too late. Go hack yourself: www.detectify.com.
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