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Detectify

Stockholm-based EASM and DAST platform that feeds its scanner with vulnerability research crowdsourced from a network of ethical hackers.

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70/100Meaningful Innovator

Overview

Detectify was founded in 2013 in Stockholm by Fredrik Nordberg Almroth and Rickard Carlsson and has raised roughly $42 million across several rounds, including a €21.5 million Series B led by Balderton Capital. The company combines external attack surface management with dynamic application security testing (DAST), continuously exposing internet-facing assets and testing them for exploitable web vulnerabilities.

Its structural differentiator is Detectify Crowdsource: a network of ethical hackers who research and submit novel vulnerability techniques, which Detectify’s team turns into automated tests fed into the scanning engine. This gives the platform access to attacker-grade research that a purely in-house research team would take longer to accumulate, and keeps its detection logic closer to real-world exploitation techniques rather than only known CVEs.

Innovation Matrix Assessment

Innovation Velocity 8/10

The Crowdsource model continuously feeds new attacker-grade research into the scanning engine, giving it a faster research-to-detection pipeline than teams relying solely on internal researchers.

Operational Value 7/10

Combining EASM with DAST is well suited to web-application-heavy organizations that need both asset discovery and exploitability testing in one tool.

Market Momentum 6/10

Series B funding and roughly $42M total raised is modest compared to more heavily funded EASM competitors, reflecting steady rather than explosive growth.

Category Disruption 7/10

The crowdsourced ethical-hacker research pipeline is a genuinely different sourcing model for vulnerability detection logic compared to purely in-house research teams.

Real-World Efficacy 7/10

Ethical-hacker-sourced techniques feeding directly into automated scans is a credible mechanism for finding real, exploitable issues rather than only known CVE matches.

Enduring Relevance 7/10

The combined EASM plus DAST approach remains relevant as organizations' externally exposed web application footprint continues to expand.

Why CISOs Should Care

A CISO gets exploitability testing informed by real ethical-hacker research techniques, not just asset discovery, which reduces false positives on "is this actually exploitable."

What Makes It Different

Detection logic is sourced from a crowdsourced network of ethical hackers rather than solely an internal research team, keeping the scanner closer to current real-world attacker techniques.

The Matrix Verdict

70/100 — MEANINGFUL INNOVATOR

A focused, research-driven player whose crowdsourcing model is a genuine structural differentiator, though its funding and scale remain modest relative to the largest EASM incumbents.

Editorial Note: Claims vs. Verified Findings

Founding, funding amounts, and the Crowdsource program are corroborated by TechCrunch, SecurityWeek, and Detectify's own materials; specific vulnerability counts or named discoveries attributed to Crowdsource were not independently verified in this research pass.

Sources