September 30, 2020

HackerOne Bug Bounty Platform Raises $ 36.4 Million

HackerOne Bug Bounty Platform Raises $ 36.4 Million

HackerOne, a platform exposing vulnerabilities, announced the completion of funding for Round D, the entry of which she managed to raise $ 36.4 million. Leading investors included companies such as Valor Equity Partners, New Enterprise Associates, Dragoneer Investment Group, and EQT Ventures.

Founded in 2012, a platform ofSan Francisco connects companies with cybersecurity researchers or “white hackers” who receive monetary incentives for finding security issues in software applications.

Moreover, we live in a time when eachthe company is actually a software company, attracting the attention of cybercriminals. This is why investors are eager to financially support services like HackerOne.

The platform leads a new wave of companies forcybersecurity by addressing the unique challenges posed by faster growth and more sophisticated attacks, said David Obrand of Valor Equity Partners, Member of the Board of Directors of HackerOne.

HackerOne customers include such well-known names as Alibaba, Airbnb, US Department of Defense, Dropbox, Goldman Sachs, Intel, Starbucks, Spotify, Nintendo, PayPal, Toyota, Twitter and many others.

HackerOne previously raised about $ 74million, including $ 40 million in 2017 in Round C. With the $ 36.4 million raised, the company plans to accelerate global expansion and scale its own corporate offerings.

This new round of financing will allow us all to provide maximum protection from hackers, said Martin Hiker, CEO of HackerOne.