Hacker-directed bug bounty platform HackerOne secured $49m from a Series E funding round headed by GP Bullhound.
The round also saw participation from Benchmark, Dragoneer Investment Group, NEA and Valor Equity Partners. Following this round, HackerOne has raised a total of $160m since inception.
HackerOne gives organisations access to the largest community of hackers on the planet. The platform claims it has the most robust database of vulnerability trends and industry benchmarks available.
HackerOne noted that throughout 2021, its customers observed a 97% increase in reports for misconfigurations. The company’s community of hackers also identified more than 17,000 high-or critical-severity vulnerabilities.
According to HackerOne, it will use the new investment for research and development as well as to expand its go-to-market operations.
HackerOne CEO Marten Mickos said, With Log4j, ransomware, and nation-state attacks, governmental institutions have never been so exposed. As attack surfaces grow, so does the gap between what digital assets organisations own and what they can protect. HackerOne is closing that gap and keeping its customers out of harm’s way in a way that no other mechanism can accomplish.”
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