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Bugcrowd Raises $102 Million

Bugcrowd has raised $102 million in strategic growth funding, which it will use to accelerate growth and improve its platform.

Bug bounty platform provider Bugcrowd announced on Monday that it has raised $102 million in strategic growth funding from General Catalyst, Rally Ventures, and Costanoa Ventures.

The new investment will be used to accelerate growth, to continue enhancing its crowdsourced security platform, and for strategic M&A opportunities.

Bugcrowd’s previous funding round was announced in 2020, when the company raised $30 million in a Series D round that had brought the total to more than $80 million.

Bugcrowd enables organizations to run bug bounty and vulnerability disclosure programs, helping them find vulnerabilities in their products and systems with the aid of hundreds of thousands of white hat hackers who have signed up on its platform. These hackers can earn significant rewards for their work.

In addition, the company is offering ...

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