The company best known for assembling a team that took only four hours to find critical vulnerabilities in U.S. military systems announced Tuesday a $21.25 million Series C funding round led by Microsoft Ventures. Total investment in the Silicon Valley firm, Synack, is now $55.25 million. Its bug bounty and penetration testing platform operates with a more closed and exclusive model than competitors, as the company aims to emphasize actionable intelligence and minimize noise. Founded by two former NSA researchers, Synack vetted a team of white-hat hackers that found 138 vulnerabilities overall as part of the official Hack the Pentagon program, which is set to expand in the coming years. It was conducted in concert with HackerOne, another bug bounty platform that received $40 million in Series C funding in February. Compared with competitors, Synack employs a relatively smaller and more heavily vetted pool of hackers to work with clients. The process to get on Synack’s red ream involves an application, interview, skill […]
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