Detectify, a Swedish web security company, secured €5 million in funding led by Insight Venture Partners, with participation from existing investors Paua Ventures and Inventure, to boost international expansion and research and development. Founded in 2013 by top-ranked white-hat hackers, Detectify has grown to over 20 employees and serves clients across various industries, including Trello and Le Monde. The company automates web vulnerability scans using crowdsourced inputs from its network of ethical hackers, who are compensated when their findings identify vulnerabilities. Insight Venture Partners supports Detectify's innovative approach of combining automation with crowdsourced security to address the rapidly evolving threat landscape, viewing it as the future of web security. Insight Venture Partners is a major venture capital firm with a history of investing in high-growth software companies, aiming to drive transformative change and long-term success by offering hands-on growth expertise.