Gresham House Ventures has invested 拢5.5 million into OnSecurity, a cybersecurity services business providing independent third-party penetration testing services.
Established in 2018 and based in Bristol, OnSecurity has built a technology platform to efficiently deliver pentests that identify and address vulnerabilities in computer systems, networks and web applications.聽
The business provides human pentesting services via a platform technology that automates traditionally manual, cumbersome processes such as booking, scheduling and reporting.
The business has grown rapidly since launch to serve almost 300 clients.
The investment will enable OnSecurity to accelerate new customer acquisition and further develop and leverage its existing technology platform through R&D. This is OnSecurity鈥檚 first institutional investment round.聽
As part of the investment, Grace Cassy will join the board as non-executive chair, bringing significant experience of supporting some of the world鈥檚 leading cybersecurity businesses.
鈥淥nSecurity have built a robust and differentiated platform offering in a market that has historically been plagued with manual processes and poor customer experience,鈥� said Steve Carle, GHV operating partner at Gresham House Ventures.聽
鈥淲e 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.聽
鈥淲e look forward to working closely with [CEO] Conor [O鈥橬eill], Grace and the OnSecurity team over the coming years to bring OnSecurity鈥檚 innovative solutions to a wider market.鈥�
O鈥橬eill added: 鈥淪ecuring our first external investment marks an important moment for OnSecurity as we look to further advance our platform鈥檚 capabilities and bring our streamlined solutions to more clients.聽
鈥淕resham House Ventures has a fantastic track record of helping to scale up technology-enabled businesses like ours and we are confident that this backing will play a key role in driving the next stage of growth for OnSecurity.鈥�