# Bugcrowd

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bugcrowd

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.bugcrowd.com
- Total disclosed funding: $111M
- Latest round: Series E (Jan 26, 2024)
- Investors on record: 12

## About

Bugcrowd Inc. is a US-based cybersecurity firm that specializes in crowdsourced security solutions, helping organizations identify and remediate vulnerabilities in their digital infrastructures.Founded in 2012 and headquartered in San Francisco, US, Bugcrowd Inc. provides a platform that connects organizations with ethical hackers to enhance their cybersecurity. The company was founded by Ali Ibrahem and Casey Ellis, with Ashish Gupta serving as the CEO. Bugcrowd has successfully raised a total of USD 50.00 mn, with the latest round being a Growth round that closed on October 31, 2024, with participation from Silicon Valley Bank.Bugcrowd is a leading crowdsourced cybersecurity platform that offers a range of security solutions designed to identify and remediate vulnerabilities within clients' digital infrastructures. Their primary product offerings include Bug Bounty programs, Penetration Testing as a Service (PTaaS), and Continuous Attack Surface Management. These services engage a network of ethical hackers to discover vulnerabilities before malicious actors can exploit them, ultimately enhancing the security posture of organizations. Bugcrowd serves a diverse clientele across various industries such as financial services, healthcare, technology, and government, providing tailored security services to companies looking to protect their assets in both domestic and international markets, including North America, Europe, and Asia-Pacific. Their innovative approach combines human expertise with AI-augmented automation, ensuring comprehensive vulnerability assessment and timely resolutions for organizations of all sizes.Bugcrowd's revenue model is primarily built around subscription-based services and engagement fees associated with their security solutions. Clients typically enter into agreements for ongoing access to Bugcrowd’s suite of services, including tailored Bug Bounty programs and specific penetration testing engagements. These engagements often involve structured pricing plans based on the scale and complexity of the services provided. For example, organizations may subscribe to different tiers of Bug Bounty programs, which can vary in price depending on the scope and estimated risk of their digital assets. Revenue is generated through direct contracts with businesses, encompassing both B2B relationships and partnerships that leverage Bugcrowd's expertise in cybersecurity.In October 2024, Bugcrowd Inc. raised USD 50.00 mn in Growth funding from new investor Silicon Valley Bank. The company will use the funding to expand its market reach, particularly into new geographic regions and markets.

## Funding rounds

- Series E, Jan 26, 2024, $45M — General Catalyst Partners, Rally Ventures, Costanoa Ventures
- Series D, Mar 10, 2020, $14M — Triangle Peak Partners, Rally Ventures
- Series C, Feb 22, 2018, $26M — Paladin Capital Group, Industry Ventures, Hostplus, Triangle Peak Partners, Aware Super, Rally Ventures, Costanoa Ventures, Blackbird, Salesforce Ventures
- Series B, Mar 22, 2016, $15M — Paladin Capital Group, Industry Ventures, Rally Ventures, Costanoa Ventures, Blackbird, Salesforce Ventures
- Series A, Mar 10, 2015, $9M — Paladin Capital Group, Icon Ventures, Rally Ventures, Costanoa Ventures, Blackbird
- Seed, Sep 4, 2013, $1.6M — Paladin Capital Group, Rally Ventures, Square Peg

## Investors

- Paladin Capital Group (https://capitalatlas.ai/funds/paladin-capital-group) — Seed, Series A, Series B, Series C
- Rally Ventures (https://capitalatlas.ai/funds/rally-ventures) — Seed, Series A, Series B, Series C, Series D, Series E
- Square Peg (https://capitalatlas.ai/funds/square-peg) — Seed
- Icon Ventures (https://capitalatlas.ai/funds/icon-ventures) — Series A
- Costanoa Ventures (https://capitalatlas.ai/funds/costanoa-ventures) — Series A, Series B, Series C, Series E
- Blackbird (https://capitalatlas.ai/funds/blackbird) — Series A, Series B, Series C
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series B, Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B, Series C
- Hostplus — Series C
- Triangle Peak Partners (https://capitalatlas.ai/funds/triangle-peak-partners) — Series C, Series D
- Aware Super — Series C
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series E