Beech Tree Private Equity has invested an undisclosed sum into CovertSwarm, a leading cyber-attack simulation platform.
CovertSwarm was founded by Anders Reeves in 2020 with the aim of radically redefining how enterprise security risks are discovered.
CovertSwarm’s mission is to continually outpace the cyber threats faced by its clients, using a constant cyber-attack subscription methodology.
The London-headquartered business employs a ‘swarm’ of multi-skilled ethical hackers spread across the globe which, supported by its proprietary Offensive Operations Center (OOC) software, enables CovertSwarm to provide constant testing of its customers’ infrastructure, through a combination of digital, physical and social attacks to spot weaknesses
This innovative approach is disrupting the traditional penetration testing market.
Anders Reeves, CEO at CovertSwarm, said: “We have been thrilled with the growth that we have achieved since we launched in 2020 and we see this investment from Beech Tree as the natural next step in our growth journey, allowing us to scale up even faster, accelerate our development plans for our OOC platform and ultimately ensure that we remain one step ahead of the ‘bad actors’ out there.”
Adam Rudd, partner at Beech Tree, said: “It was clear from the first time that we met with Anders, and his business partner Luke Potter, that they were building something really special with CovertSwarm.
“The blend of human expertise from the swarm of ethical hackers mixed with the power of the OOC software is a unique and compelling proposition in the market, which is changing the way enterprises think about cyber-attack services.
“We’re thrilled to be partnering with Anders, Luke, and the rest of the CovertSwarm team and are excited about the future plans for the business.”
Earlier this year North West-based Beech Tree invested in cloud and IT managed service solutions provider Arc Systems.