Bug bounty platform provider Bugcrowd announced on Thursday that it has raised $30 million in a Series D funding round.
The funding round, which brings the total raised by the company to more than $80 million, was led by Rally Ventures, with participation from other new and existing investors. Bugcrowd says it will use the money to accelerate the expansion of its platform.
“In the fight against cybercriminals, we need resources that apply human ingenuity and talent to protect organizations from constantly evolving adversaries,” said Charles Beeler, general partner at Rally Ventures.
“Bugcrowd has proven that they address customer challenges at scale while creating a lucrative and empowered community of researchers who uncover risks to make the internet safer. Because of this deep expertise, the company is able to deliver faster and better results than traditional and competitive models,” Beeler added.
Bugcrowd’s platform includes vulnerability disclosure, bug bounty, penetration testing, and attack surface management services. The company says its services are used by thousands of organizations in 29 countries, including by Mastercard, Motorola, Pinterest, TripAdvisor, HP, Atlassian, and Fitbit.
Related: HackerOne Surpasses $82 Million in Paid Bounties
Related: Hackers Receive $500,000 in One Week via Bugcrowd
Related: HackerOne Raises $36.4 Million in Series D Funding Round
Related: Bugcrowd Raises $26 Million to Expand Vulnerability Hunting Business
Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.
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