Overview

Sprocket Security focuses on continuous penetration testing to help businesses improve their cybersecurity. Their services include real-time risk monitoring and remediation, which means they constantly check for vulnerabilities and help fix them. Sprocket Security uses a combination of human experts and automated systems to provide thorough security testing. Unlike many competitors, they offer year-round protection through ongoing assessments, adversary simulations, and management of attack surfaces. This approach allows clients to stay ahead of potential threats and strengthen their defenses. The goal of Sprocket Security is to ensure that enterprises can proactively manage their cybersecurity risks and maintain strong protection against evolving threats.

Simplify's Take

What believers are saying

• Increased demand for continuous penetration testing boosts Sprocket's market potential.
• Growing interest in hybrid security solutions aligns with Sprocket's business model.
• $8M Series A financing indicates strong market confidence in Sprocket Security.

What critics are saying

• Emerging startups offering similar services could dilute Sprocket's market share.
• AI-driven cyber threats may outpace Sprocket's current capabilities.
• Economic downturns could affect subscription renewals and new client acquisitions.

What makes Sprocket Security unique

• Sprocket Security offers continuous penetration testing with real-time risk monitoring.
• The company combines human expertise with automated systems for comprehensive security solutions.
• Year-round protection through adversary simulations and attack surface management sets them apart.

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Funding

Total Funding

$8M

Below

Industry Average

Funded Over

1 Rounds

$8,000,000

Series A

Mar 2024

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.

Series A Funding Comparison

Below Average

Industry standards

Ind Avg. $15M

$3.7M

$5M

$8M

$8.2M

$15M

$30M