Brisbane entrepreneurs sell cybersecurity start-up Assetnote for over $100 million

·

Brisbane-based entrepreneurs Michael Gianarakis and Shubham Shah have sold their cybersecurity start-up, Assetnote, for more than $100 million to British firm Searchlight Cyber, backed by private equity firm Charlesbank Capital Partners.

Founded in 2018, Assetnote specialises in attack surface management, helping companies identify cybersecurity vulnerabilities.

“We had a bunch of these companies turn around and say, ‘Well, if you were selling this, we would be buying it,’” Gianarakis told AFR, explaining the origins of Assetnote’s software tool, which was designed to uncover flaws in code.

With high-profile clients like Atlassian, Qantas, and Canva, Assetnote has been profitable since its inception.

Despite overtures from venture capitalists, Gianarakis said they never found the right partner and instead grew the company without external funding.

“We never really met a VC that we trusted enough,” he said.

After the acquisition, Gianarakis and Shah will continue working with Assetnote.

Gianarakis expressed pride in building a successful company outside the typical tech start-up ecosystem, stating, “We’re more traditional. In our opinion, Silicon Valley didn’t invent business.”

Source: AFR.

greek film festival melbourne

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Greek film festival turns 30 with a Stellar Line-Up of Award-Winning films

The Greek Film Festival is celebrating a major anniversary this year - 30 years of bringing Greek stories to Australian screens.

Summer School for Greek Language teachers in Australia

For the first time in Australia, a specialized online summer school will be held for teachers of the Greek language in the diaspora.

Children’s week at the Greek Community of Melbourne

As part of Children’s Week the Greek Community of Melbourne Schools are taking part in the celebrations organised by the Victorian Government

Get Online Week at the Greek Community of Melbourne

As part of Get Online Week 2025, the Greek Community of Melbourne and Victoria will proudly join Good Things Foundation’s national campaign.

St Benedict School in Mt Torrens rejects screens, embraces ancient Greek philosophy

Established in early 2024 by members of the Catholic Church of the Holy Name, St Benedict has grown to around 50 students.

You May Also Like

US State Department praises Greek handling of Ukraine crisis

The US Department of State praised Greece on Tuesday for its fast and effective reflexes during the Ukrainian crisis.

Greece’s water polo team start European Championship with victory over Hungary

Greece's national men's team started its fight at the European Water Polo Championship in Zagreb, Croatia with a victory over Hungary 10 - 8.

Greece plans gradual relaxation of lockdown measures

Greek Prime Minister Kyriakos Mitsotakis said on Tuesday restrictions on citizens’ movements would be lifted and more shops allowed to reopen from May 4