Bugcrowd raises $26 million in latest funding round
The expansion of the bug-bounty industry continues as Bugcrowd announced Thursday that it is bringing in $26 million in its latest round of venture capital funding. The San Francisco-based company has seen consistent growth since its inception in 2012. It says that in the last quarter alone, it grew its base of commercial and Fortune 500 customers, opened new offices in London and Sydney and added to its leadership team. Bugcrowd has now raised about $50 million in venture capital funding. The Series C funding was led by Triangle Peak Partners, a venture capital firm that focuses on software and security. Triangle Peak’s president and co-founder, Dain DeGroff, will also be joining Bugcrowd’s board of directors. “Bugcrowd has built a successful business model addressing a growing and critical need,” DeGroff said in a press release. “Their deep relationships with the researcher community and expertise managing crowdsourced programs make Bugcrowd a strategic asset […]
The post Bugcrowd raises $26 million in latest funding round appeared first on Cyberscoop.
Continue reading Bugcrowd raises $26 million in latest funding round