Bugcrowd, a 12-year-old cybersecurity firm, secures $102M Series E funding for international expansion, workforce growth, and potential M&A in the security services market.

Bugcrowd, a 12-year-old cybersecurity company that uses crowdsourced "bug bounty" programs to find vulnerabilities in digital systems, has secured $102 million in Series E funding. The company plans to use the funds to expand internationally, grow its workforce, and potentially pursue mergers and acquisitions in the security services market. Bugcrowd's platform is currently in use by over 1,000 global clients, including tech giant OpenAI and telecommunications company T-Mobile.

February 12, 2024
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