Bugcrowd Acquires Application Security Firm Mayhem

Bug bounty and vulnerability disclosure company Bugcrowd announced on Tuesday that it has acquired application security firm Mayhem Security.

Financial terms of the deal have not been disclosed. However, Bugcrowd told SecurityWeek that the acquisition of Mayhem has nearly doubled its valuation.

While there does not appear to be any recent valuation data, Bugcrowd was reportedly valued at over $1 billion after it raised $102 million in February 2024.

Mayhem, previously named ForAllSecure, has raised $36 million. The company has developed AI-powered API security, code security, and dynamic SBOM products, and Bugcrowd says these solutions will enable it to enhance its security testing capabilities.

Mayhem technology will be integrated with Bugcrowd’s human-driven crowdsourced testing to enable organizations to ship secure software by continuously finding and prioritizing vulnerabilities, and validating their remediation.

“By integrating Mayhem’s capabilities into the Bugcrowd Platform, we’re building the industry’s first truly adaptive ...