Bugcrowd, a San Francisco, CA-based supplier of crowdsourced cybersecurity options, obtained a $50M progress capital facility from Silicon Valley Financial institution.
The corporate intends to make use of the funds to additional scale its AI-powered platform globally, speed up continued innovation, and leverage alternatives for strategic M&A, offering added worth to shoppers, companions, and the hacker neighborhood.
Led by CEO Dave Gerry, Bugcrowd empowers organizations to take again management and keep forward of risk actors by uniting the collective ingenuity and experience of its clients and alliance of elite hackers, with its patented information and AI-powered Safety Information Platform™. Its community of hackers brings numerous experience to uncover hidden weaknesses, adapting swiftly to evolving threats, even towards zero-day exploits. With scalability and adaptableness, its information and AI-driven CrowdMatch™ expertise in its platform finds the right expertise for shoppers’ battle.
Bugcrowd has served greater than 1,200 clients – together with OpenAI, Google, T-Cell, Carvana, the US Division of Protection’s Chief Digital and Synthetic Intelligence Workplace (CDAO), ExpressVPN, Rapyd, New Relic, and OpenSea.
FinSMEs
01/11/2024
