Sprocket Security, a company specializing in offensive security software and continuous pentesting solutions, has announced that it has secured $8 million in Series A financing. The funding was led by Blueprint Equity and supported by Capital Midwest Fund, based in Wisconsin. This investment will help Sprocket develop its platform, grow its customer base, and expand its sales and marketing efforts.
Sprocket’s platform allows security teams to continuously assess their security posture, identify complex risks, and take steps to mitigate potential threats. With support from a team of experts, Sprocket offers best-in-class solutions to ensure that organizations stay protected from cyber attacks.
“Companies that have experience with a point in time pentest understand the limitations of the legacy model,” said Casey Cammilleri, Sprocket’s Founder and CEO. “Technology is constantly evolving and so must security measures. Automated solutions alone can’t keep up with the pace of change and lack critical business context. That’s why we believe in the hybrid approach of human-driven testing supported by automation. It’s the only way to ensure comprehensive and up-to-date testing. This continuous approach is being increasingly understood and appreciated by our customers who have, over the past two decades, witnessed that fully automated solutions can’t fulfill all their pentesting needs.”
Cammilleri, who spent his entire career on the offensive side of cybersecurity, founded Sprocket to scale his own domain expertise. In discussing the selection of Blueprint Equity, he stated, “I was initially drawn to Blueprint’s experience investing in cybersecurity and their operationally focused approach. As we got to know the team at Blueprint, we realized what ‘operationally focused’ really means and are excited to have a collaborative partner as we rapidly scale to meet growing demand.”
Blueprint Equity’s Vice President John Bonhard, who will join Sprocket’s Board of Directors, commented, “Within an ever-changing cybersecurity landscape, the only constant is the presence of threat actors. Constant vigilance, or penetration testing, is critical in understanding how and the extent to which vulnerabilities can be exploited by sophisticated hacker techniques. We see a growing demand among CISOs and IT security leaders for proactive security solutions as they look to harden the growing attack surface within their respective organizations.” He added, “Casey and his COO, Gaurav Kulkarni, are solving this problem with unparalleled execution that customers have only described as a ‘true partnership.’ We’re honored to partner with outstanding leaders and domain experts like Casey and Gaurav.”
Based in Madison, Sprocket is proud to be part of Wisconsin’s growing tech ecosystem. It contributes to a community that fosters innovation and technology and plays a role in shaping Wisconsin’s future tech-forward landscape.
