Web application security scanner maker Netsparker Ltd. has raised $40 million in funding in a round led by enterprise software venture capital firm Turn/River Capital.

Founded in 2009, Netsparker offers web application security scanning software that allows users to identify security flaws in any type of website, web application and web service. The software employs what it calls “proof-based scanning technology” that can automatically verify security flaws without reporting any false positives, a claim the company said has been confirmed by independent third-party testing.

The software is offered in two versions: a Windows application with advanced vulnerability scanning technology, built-in penetration testing and reporting tools, and a cloud version that offers scalable multiuser online security scanning with built-in enterprise workflow tools to manage up to thousands of websites.

Netsparker claimed to be assisting thousands of organizations, including governments and public enterprises. Customers include Samsung Electronics Co. Ltd., the National Aeronautics and Space Administration, Microsoft Corp.’s Skype, ING Group and Ernst & Young. The company has its head office in the U.K. with branch offices in Austin, Texas, and Turkey.

“With overwhelming market demand for this solution in the face of increasing security and compliance regulations, such as Europe’s GDPR, Netsparker aims to become the de facto solution for enterprises that need to secure thousands of web applications at scale,” Netsparker Chief Executive Officer Ferruh Mavituna said in a statement.

Netsparker said it would use the new funding to accelerate its enterprise product roadmap, grow sales and marketing initiatives, and expand its geographic footprint.

Image: Netsparker