Brighton Park Capital Invests $112 Million in PortSwigger to Fuel Innovation and Product Development
27 June 2024 - 9:30PM
Business Wire
Brighton Park Capital (“Brighton Park”), an investment firm
focused on entrepreneur-led, growth-stage companies within the
software, healthcare, and tech-enabled services businesses space,
today announced an $112 million investment in PortSwigger, a
renowned application security software provider, to fuel growth.
PortSwigger’s first-ever external investment marks a significant
milestone, enabling the company to accelerate product development,
expand its research and community-focused initiatives, strengthen
its international footprint, and continue its trajectory of
innovation.
PortSwigger was founded in 2008 by Dafydd Stuttard (“Daf”), a
renowned thought-leader in application security, former
ethical-hacker and author of “Web Application Hacker’s Handbook” –
a leading textbook on web application security. The company is best
known for its flagship product Burp Suite Professional, a premium
toolkit for web application penetration testing, and its newer
product, Burp Suite Enterprise, a dynamic application security
testing solution that enables automated security testing of
applications and APIs. Today, PortSwigger serves nearly 20,000
customers of all sizes, including Microsoft, Amazon, FedEx, and
Salesforce, among others. Beyond its commercial products, the
company also makes an extensive commitment to the cyber security
ecosystem by making versions of its tools, extensive learning
resources, and research freely available. PortSwigger’s free tools
and “Web Security Academy” have been used by millions of
individuals and teams globally.
“We are entering an exciting new chapter at PortSwigger, and our
partnership with Brighton Park is a pivotal part of this journey,"
said Stuttard, Founder, CEO, and “Chief Swig” at PortSwigger. “This
investment will allow us to enhance our offerings with features
that meet the sophisticated, cross-functional needs of large
enterprises while maintaining the agility and precision that
individual security professionals require. Moreover, this
investment will allow us to deepen our commitment to the community
through increased investment in research and free-to-use tooling,
leading to more robust community support and contributions to drive
the entire application security ecosystem forward.”
Stuttard continued, “We sought a partner who brought a deep
understanding of the domain and market and was aligned with our
vision for innovation and growth – and Brighton Park is just that.
The firm brings deep market knowledge, proven expertise in
go-to-market strategies, and a track record of scaling businesses
both in the US and globally. Beyond this expertise, Brighton Park
shares our ethos and ambition around contribution to the broader
cyber security community – a crucial element of our culture and
mission. With Brighton Park's support, we're poised to expand our
reach and impact, delivering unparalleled solutions to the
cybersecurity challenges of today and tomorrow.”
“PortSwigger has established itself as a true leader in the web
security space, and we're honored to support Daf and his vision for
the company’s next phase of growth," said Tim Drager, Partner at
Brighton Park Capital. “Under Daf’s leadership, PortSwigger has
fostered a high-performance yet humble and supportive culture that
is rare to find, as well as built a loyal and growing customer
base, a testament to the company’s unwavering commitment to
innovation and ability to meet the evolving needs of the
cybersecurity community. We’re looking forward to supporting Daf
and his remarkable team at PortSwigger as they continue to set new
standards in web security and innovation.”
About Brighton Park Capital
Brighton Park Capital is a Greenwich, Conn.-based investment
firm focused on entrepreneur-led, growth-stage software,
healthcare, and tech-enabled services companies. The firm invests
in companies that provide highly innovative solutions in
partnership with great management teams. Brighton Park brings
purpose-built, value-add capabilities that match the unique
requirements of each of its companies. For more information about
Brighton Park Capital, please visit www.bpc.com.
About PortSwigger
PortSwigger a renowned leader in the cybersecurity industry,
specializing in the development of advanced web application and API
security tools, was founded in 2008 by Dafydd Stuttard, a former
ethical-hacker and author of “Web Application Hacker’s Handbook” –
the foremost textbook on web application penetration testing.
PortSwigger started as a set of tools Daf built for himself to
automate parts of his job as a pentester and over the years grew
into a globally respected name known for its innovative products,
dedication to quality, and a strong focus on empowering the
cybersecurity community.
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