OnSecurity Company Profile

Background

OnSecurity, established in 2018 and headquartered in Bristol, United Kingdom, is a cybersecurity firm specializing in penetration testing (pentesting) services. The company aims to simplify the pentesting process, making it more accessible and efficient for businesses of all sizes. By integrating AI-driven automation with expert human insight, OnSecurity delivers comprehensive security assessments that identify and address vulnerabilities in computer systems, networks, and web applications. The firm's mission is to enhance digital security by providing high-quality, CREST-accredited pentesting services, thereby contributing to a safer digital environment.

Key Strategic Focus

OnSecurity's strategic focus centers on delivering efficient and flexible pentesting solutions through its proprietary platform. The company specializes in various testing services, including:

• External Infrastructure Testing: Assessing external-facing systems for vulnerabilities.

• Internal Infrastructure Testing: Evaluating internal networks to identify potential security gaps.

• Web and Mobile Application Testing: Analyzing applications for security flaws.

• Cloud Security Testing: Ensuring cloud environments are secure against threats.

• Phishing Simulation and Social Engineering: Testing organizational resilience to social engineering attacks.

By automating traditionally manual processes such as booking, scheduling, and reporting, OnSecurity enhances the efficiency of security assessments. The company's primary market includes tech-enabled businesses seeking streamlined and effective cybersecurity solutions.

Financials and Funding

In June 2024, OnSecurity secured £5.5 million in Series A funding from Gresham House Ventures. This investment marked the company's first round of equity funding since its inception. The capital is intended to accelerate growth, expand the pentest platform, and invest in research and development. Following this funding, OnSecurity plans to double its staff headcount from 35 to 70 over the coming years to support its expanding client base.

Technological Platform and Innovation

OnSecurity's platform integrates AI-driven automation with human expertise to deliver efficient and accurate pentesting services. Key features include:

• AI-Augmented Pentesting: Combining automated processes with expert validation to provide comprehensive security assessments.

• Continuous Vulnerability Scanning: Offering ongoing monitoring to detect new vulnerabilities as they emerge.

• Threat Intelligence Tool (Radar): Providing visibility into potential vulnerabilities and phishing attacks by monitoring the internet, dark web, and DNS records.

• User-Friendly Platform: Simplifying the management of pentesting processes, including booking, scheduling, and reporting.

These innovations enable OnSecurity to deliver high-quality, flexible, and efficient security services to its clients.

Leadership Team

OnSecurity's leadership team comprises experienced professionals with extensive backgrounds in cybersecurity:

• Conor O'Neill: Co-Founder and Chief Executive Officer.

• Dave Hewson: Co-Founder and Chief Revenue Officer.

• Adam Luxford: Co-Founder and Chief Operating Officer.

• Tom Lindley: Co-Founder and Chief Technology Officer.

The founders collectively have over 40 years of experience as professional ethical hackers, providing them with unique insights into the hacker mindset and modern cyber-crime industry.

Leadership Changes

In June 2024, following the Series A funding, Grace Cassy joined OnSecurity's board as a non-executive Chair. Grace brings significant experience in supporting cybersecurity businesses and is expected to play a key role in guiding OnSecurity's strategic direction.

Competitor Profile

Market Insights and Dynamics

The global pentesting market is substantial, with annual spending estimated at £4 billion and growing. This growth is driven by the increasing adoption of cloud computing solutions, the proliferation of open-source code usage, and significant regulatory drivers. Notably, the financial services sector is experiencing heightened demand due to regulations like the Digital Operational Resilience Act (DORA), which mandates annual threat-led penetration testing from January 2025.

Competitor Analysis

OnSecurity operates in a competitive landscape alongside several key players:

• Nessus: A widely used vulnerability scanner known for its comprehensive detection capabilities.

• Acunetix: Specializes in web application security testing, offering automated scanning for vulnerabilities.

• Nikto: An open-source web server scanner that tests for dangerous files, outdated server software, and other security issues.

These competitors offer various tools for vulnerability management, each with unique features and methodologies. OnSecurity differentiates itself by integrating AI-driven automation with expert human insight, providing a comprehensive and efficient pentesting service.

Strategic Collaborations and Partnerships

OnSecurity's partnership with Gresham House Ventures, established through the £5.5 million Series A funding, is a significant collaboration aimed at accelerating the company's growth and innovation. This partnership is expected to enhance OnSecurity's market position and expand its capabilities in the cybersecurity sector.

Operational Insights

OnSecurity's strategic considerations include:

• Market Position: Leveraging its AI-augmented platform to offer efficient and flexible pentesting services.

• Competitive Advantages: Combining automation with human expertise to deliver high-quality assessments, simplifying the pentesting process for clients.

• Regulatory Compliance: Aligning services with regulatory requirements, such as DORA, to meet the needs of clients in regulated industries.

These strategies position OnSecurity to effectively compete in the growing cybersecurity market.

Strategic Opportunities and Future Directions

OnSecurity's strategic roadmap includes:

• Platform Enhancement: Investing in research and development to further enhance the capabilities of its pentesting platform.

• Market Expansion: Doubling its workforce to support a growing client base and expanding into new markets.

• Service Diversification: Introducing new services, such as pentest subscriptions, to provide continuous security assurance to clients.

By capitalizing on these opportunities, OnSecurity aims to solidify its position as a leading provider of pentesting services.

Contact Information

• Website: www.onsecurity.io

• LinkedIn: OnSecurity LinkedIn Profile

• Twitter: @OnSecurity

For more information about OnSecurity's services and offerings, please visit their official website.