What is Bugcrowd?
Founded in 2012 and headquartered in San Francisco, California, Bugcrowd offers comprehensive software security solutions. The company specializes in managing crowd engagement for vulnerability discovery and remediation, ensuring clients' software remains secure. Bugcrowd's operational model involves not only coordinating a global network of security researchers but also actively managing and updating identified bugs within client systems. This dual approach positions Bugcrowd as a key enabler for enterprises seeking to bolster their digital defenses against evolving cyber threats.
How much funding has Bugcrowd raised?
Bugcrowd has raised a total of $230.6M across 7 funding rounds:
Angel/Seed
$1.6M
Series A
$6M
Series B
$15M
Series C
$26M
Series D
$30M
Series E
$102M
Private Equity
$50M
Angel/Seed (2013): $1.6M with participation from Square Peg Capital, Icon Venture Partners, and Paladin Capital Group
Series A (2015): $6M led by Costanoa Venture Capital and Triangle Peak Partners
Series B (2016): $15M supported by Triangle Peak Partners, Costanoa Venture Capital, and Blackbird Ventures
Series C (2018): $26M featuring Triangle Peak Partners and Costanoa Venture Capital
Series D (2020): $30M backed by Rally Ventures
Series E (2024): $102M with participation from General Catalyst
Private Equity (2024): $50M led by Silicon Valley Bank
Key Investors in Bugcrowd
Costanoa Venture Capital
Costanoa Venture Capital is a venture capital firm that partners with founders aiming to tackle significant challenges in building their companies, providing long-term support through various development phases. They focus on enterprise software companies, offering pragmatic guidance and engagement.
Triangle Peak Partners
Triangle Peak Partners is a multi-strategy asset management firm specializing in growth stage investments in technology, clean tech, and energy sectors. They aim to drive growth and value in their investments through experienced professionals.
Silicon Valley Bank
Silicon Valley Bank offers commercial and private banking, asset management, and investment services. Founded in 1983, it provides a range of financial solutions to technology and innovation companies.
What's next for Bugcrowd?
The recent major strategic investment signals Bugcrowd's readiness for its next phase of expansion and innovation. With substantial backing, the company is poised to enhance its platform capabilities, broaden its market reach, and potentially explore new service offerings within the cybersecurity domain. This capital will likely fuel further development in areas such as AI-driven threat detection and expanding its global service footprint, solidifying its position as a leader in crowdsourced security.
See full Bugcrowd company page
