Bugcrowd has raised a total of $184 million across multiple funding rounds, including a $102 million Series E round in February 2024, which achieved a valuation of $1 billion. The San Francisco-based company provides a crowdsourced web application security platform, enabling organizations to identify and remediate vulnerabilities across web, API, mobile, IoT, and network applications. With a workforce of 131 employees as of December 2022, Bugcrowd helps companies enhance their cybersecurity posture, maintain compliance, and manage risk through a global crowd of security experts.
Keep reading to explore Bugcrowd’s funding journey, key investors, and what’s next for this cybersecurity innovator.
What Is Bugcrowd and What Does It Do?
Founded in 2012, Bugcrowd is headquartered in San Francisco, California, United States. The company specializes in crowdsourced penetration testing solutions that help organizations proactively identify and remediate security vulnerabilities. Bugcrowd’s platform provides attack surface management, penetration testing, vulnerability disclosure, and security risk assessment, allowing enterprises to strengthen their cybersecurity posture while scaling security operations globally.
How Much Funding Has Bugcrowd Raised?
- Series E
- Amount Raised: $102M
- Date: February 12, 2024
- Lead Investors: General Catalyst
- Motivation: To expand the platform, enhance security offerings, and scale operations.
- Conventional Debt
- Amount Raised: $50M
- Date: November 01, 2024
- Motivation: To support operational growth and strengthen platform capabilities.
Total Funding Raised: $184M
Latest Funding Date: November 01, 2024
Current Valuation: $1B
Key Investors
- General Catalyst
- Details: VC firm focused on high-growth technology companies; led Series E.
- Investment Focus Areas: Cybersecurity, enterprise software, software testing tools
- Industry Ventures
- Details: Private equity and venture investor in technology companies.
- Investment Focus Areas: Cybersecurity platforms, SaaS, emerging tech
- SVB
- Details: Bank and investor focused on technology and innovation.
- Investment Focus Areas: Cybersecurity, cloud platforms, enterprise software
Where Is Bugcrowd’s Headquarters?
Bugcrowd is headquartered in San Francisco, California, United States, providing access to cybersecurity talent, strategic partners, and investors, enabling the company to scale its crowdsourced security platform globally.
What’s Next for Bugcrowd?
With a $1 billion valuation and recent funding of $102 million, Bugcrowd plans to expand its penetration testing platform, enhance vulnerability management tools, and grow its global network of security experts. Future fundraising or strategic partnerships may follow to strengthen its offerings, while continuing to address the evolving cybersecurity needs of enterprises worldwide.
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