Bugcrowd Secures $102M Funding, Hits $1 Billion Valuation

The crowdsourced cybersecurity firm plans to accelerate global expansion and pursue strategic acquisitions with the new capital.

Bugcrowd, a platform leveraging ethical hackers for cybersecurity, announced a $102 million funding round led by General Catalyst.
The funding round propels Bugcrowd's valuation to over $1 billion, marking a significant milestone for the company.
Over the past year, Bugcrowd added more than 200 new clients and nearly reached the 1,000-client milestone, demonstrating rapid growth.
The company aims to use the new funds to accelerate its global expansion, innovate its AI-powered platform, and explore strategic acquisitions.
Bugcrowd's crowdsourced security solutions have attracted a database of over 500,000 hackers, aiding organizations like OpenAI and the U.S. government.