CovertSwarm
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CovertSwarm
Additional Info
| Website | https://www.covertswarm.com/ |
| Company size (employees) | 10 to 49 |
| Headquarters Region | Europe |
Overview
“We’re our clients’ worst nightmare, but we’re on their side,” Anders Reeves, CEO of CovertSwarm.
CovertSwarm is a global ethical hacker and red team cyber security solution provider that has been radically redefining how enterprise security risks are discovered.
Since 2020, the business has existed to continually outpace the cyber threats faced by organisations in the modern world. As a result of its rapid growth, CovertSwarm became the youngest company to join Beech Tree Private Equity’s investment portfolio in 2023, having been trading for just over two years.
The business’ mission is simple: to constantly compromise businesses and highlight weaknesses well before the ‘bad actors’ do by using every possible weapon in the hacker’s arsenal and taking penetration testing right to the edge of simulating real-world threats.
One of the most innovative ways it is doing so is through the global rollout of its CovertSwarm Portal – for free.
The CovertSwarm Portal is a centralised and unified SaaS portal that seamlessly manages every aspect of an organisation’s offensive security programme, with both free and premium-level insights. It is designed to bridge the gap between Attack Surface Management products, SaaS-identified vulnerabilities, and the ability to validate and explore risks via CovertSwarm’s in-house red team.
With just a simple ‘one-click’ submission, businesses can request CovertSwarm ethical hacker testing and targeted red team attacks, streamlining the cyber risk lifecycle and enhancing security measures.
In the three years the business has been in operation, it has also launched its own Academy Programme which has been built to provide a clear pathway for individuals from any background to pursue a career in cybersecurity. The programme offers specialised training in core areas, equipping participants with the technical skills and mindset needed to become ethical hackers.
How we are different
- In the last financial year, CovertSwarm achieved significant growth of 120%. The performance itself was stunning for very little marketing expenditure and that was underpinned by happy clients either extending contracts for three years or referring the business to new clients that signed up immediately for three years.
- Since the global rollout of the CovertSwarm Portal on 24 July, the company’s client base has increased by more than 50%, with 38 new businesses subscribing to the services in the first week of launch.
- The company was recently identified by Clutch, the leading global marketplace of B2B service providers as the fastest-growing cybersecurity company in the UK. CovertSwarm was self-funded until August 2023, when we took between £10 million-£30 million from Beach Tree Private Equity to become the number one Red Team platform and service provider in the world. In doing so, CovertSwarm became the youngest company Beech Tree has invested in as part of its portfolio and, significantly, we are the first investment in their Fund Four, which for them is quite significant.
