Bugcrowd, a crowdsourced security company, raised $30 million in a Series D funding round.
Rally Ventures led the funding round with participation from new and existing investors. The company plans to use the new funds to accelerate the expansion of its crowdsourced security platform.
Bugcrowd crowdsourced security platform helps companies manage their bug bounty, vulnerability disclosure, next gen pen test, and attack surface management programs. The platform combines actionable, contextual intelligence with hackers’ skill and experience to help organizations quickly find vulnerabilities and fix them faster without compromising on quality or efficiency.
“Today’s organizations face a continuous strain on their security resources, especially as we move to a remote work culture. The Bugcrowd platform provides customers with instant return on investment by providing on-demand access to highly-skilled security researchers on a platform that fosters collaboration between the security and engineering teams and delivers high-quality submissions with no false positives to maximize our customers’ resources,” said Ashish Gupta, CEO of Bugcrowd.
Bugcrowd serves thousands of customers across 65+ industries in 29 countries. The company’s customers include Mastercard, Fitbit, Jet.com, Motorola, Twitch, Atlassian, TripAdvisor, Pinterest, Overstock.com, UnderArmour, Square, Twilio, HP, Etsy, Cisco Meraki, FCA, and SAP.
“One of the biggest disruptions being felt at the moment across the world is the transition to remote working and the ability to do so without compromising security,” said Joan Pepin, CSO, Auth0. “As security and privacy concerns increase with this transition, advanced security resources like Bugcrowd’s crowdsourced security platform and solutions are critical for deeper levels of awareness and protection against vulnerabilities.”
Including the latest funding round, Bugcrowd has raised over $80 million to date.