Netsparker raises $40 million for its web security software

Netsparker, a start-up based in the U.K., raised $40 million in venture funding for its web application security scanning software.

The funding round was led by Turn/River Capital, a San Francisco-based growth and private equity fund focused on enterprise software companies.

Netsparker says its solution can identify security flaws in any type of website, web application and web service. Netsparker’s Proof-Based Scanning Technology automatically verifies security flaws as they are discovered, enabling the scanners to have industry-leading vulnerability detection rates without reporting any false positives.