Overview

Bugcrowd provides crowdsourced security solutions by connecting businesses with a global community of security researchers and hackers. Their main service is bug bounty programs, where companies reward experts for finding and reporting vulnerabilities in their systems, making this approach more effective than traditional security measures. Bugcrowd stands out by leveraging a diverse group of experts to offer continuous security coverage and additional services like attack surface management. The company's goal is to enhance the security of its clients, ensuring they are protected against cyber threats.

Simplify's Take

What believers are saying

• Increased demand for AI-driven cybersecurity solutions boosts Bugcrowd's market potential.
• Rising adoption of DevSecOps practices aligns with Bugcrowd's crowdsourced security testing.
• Expansion of cybersecurity insurance markets benefits Bugcrowd's compliance services.

What critics are saying

• Increased competition from platforms like HackerOne challenges Bugcrowd's market position.
• AI-driven automated tools may reduce demand for human-led bug bounty programs.
• Regulatory challenges in Europe could impact Bugcrowd's operations and client engagements.

What makes Bugcrowd unique

• Bugcrowd's AI-powered platform connects clients with a global community of trusted hackers.
• The company offers a unique crowdsourced security model for continuous threat protection.
• Bugcrowd's platform includes a rich repository of vulnerabilities and hacker profiles.

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Funding

Total Funding

$230.7M

Below

Industry Average

Funded Over

8 Rounds

Notable Investors:

General Catalyst

Notable Investors:

General Catalyst

$50,000,000

Late VC

Nov 2024

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