Bugcrowd Secures $50 Million Growth Capital Facility from Silicon Valley Bank
Bugcrowd has secured a $50 million growth capital facility from Silicon Valley Bank (SVB), a division of First Citizens Bank. The financing, provided by SVB's Enterprise Software Group, will be used to scale Bugcrowd's AI-powered platform globally, fund platform innovation, and pursue strategic M&A opportunities. Bugcrowd's crowdsourced cybersecurity solutions have served over 1,200 customers including OpenAI, Google, T-Mobile, and the US Department of Defense. The company's 'skills-as-a-service' approach has proven effective in uncovering high-impact vulnerabilities across various digital infrastructures.
Bugcrowd ha ottenuto un finanziamento di crescita di 50 milioni di dollari da Silicon Valley Bank (SVB), una divisione di First Citizens Bank. Il finanziamento, fornito dal gruppo Enterprise Software di SVB, sar脿 utilizzato per scalare globalmente la piattaforma AI-powered di Bugcrowd, finanziare l'innovazione della piattaforma e perseguire opportunit脿 strategiche di fusioni e acquisizioni. Le soluzioni di cybersicurezza crowdsourced di Bugcrowd hanno servito oltre 1.200 clienti tra cui OpenAI, Google, T-Mobile e il Dipartimento della Difesa degli Stati Uniti. L'approccio dell'azienda 'skills-as-a-service' si 猫 rivelato efficace nel rivelare vulnerabilit脿 ad alto impatto in diverse infrastrutture digitali.
Bugcrowd ha asegurado una facilidad de capital de crecimiento de 50 millones de d贸lares de Silicon Valley Bank (SVB), una divisi贸n de First Citizens Bank. La financiaci贸n, proporcionada por el grupo Enterprise Software de SVB, se utilizar谩 para escalar globalmente la plataforma impulsada por IA de Bugcrowd, financiar la innovaci贸n de la plataforma y perseguir oportunidades estrat茅gicas de fusiones y adquisiciones. Las soluciones de ciberseguridad crowdsourced de Bugcrowd han atendido a m谩s de 1.200 clientes, incluyendo OpenAI, Google, T-Mobile y el Departamento de Defensa de EE. UU. El enfoque de la empresa 'skills-as-a-service' ha demostrado ser efectivo para descubrir vulnerabilidades de alto impacto en diversas infraestructuras digitales.
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Bugcrowd a obtenu une facilit茅 de capital de croissance de 50 millions de dollars de la Silicon Valley Bank (SVB), une division de First Citizens Bank. Le financement, fourni par le groupe Enterprise Software de SVB, sera utilis茅 pour 茅tendre la plateforme aliment茅e par l'IA de Bugcrowd 脿 l'茅chelle mondiale, financer l'innovation de la plateforme et rechercher des opportunit茅s strat茅giques de fusions et acquisitions. Les solutions de cybers茅curit茅 crowdsourced de Bugcrowd ont servi plus de 1 200 clients, y compris OpenAI, Google, T-Mobile et le d茅partement de la D茅fense des 脡tats-Unis. L'approche 'skills-as-a-service' de l'entreprise s'est r茅v茅l茅e efficace pour d茅tecter des vuln茅rabilit茅s 脿 fort impact dans diverses infrastructures num茅riques.
Bugcrowd hat eine Wachstumsfinanzierung in H枚he von 50 Millionen Dollar von der Silicon Valley Bank (SVB), einer Tochtergesellschaft der First Citizens Bank, gesichert. Die Finanzierung, die von der Enterprise Software Group von SVB bereitgestellt wird, wird verwendet, um die KI-gest眉tzte Plattform von Bugcrowd global auszubauen, die Innovation der Plattform zu finanzieren und strategische M&A-M枚glichkeiten zu verfolgen. Die crowdsourced Cybersicherheitsl枚sungen von Bugcrowd haben mehr als 1.200 Kunden bedient, darunter OpenAI, Google, T-Mobile und das US-Verteidigungsministerium. Der Ansatz des Unternehmens 'Skills-as-a-Service' hat sich als effektiv erwiesen, um hochgradige Schwachstellen in verschiedenen digitalen Infrastrukturen aufzudecken.
- Secured $50 million growth capital facility for expansion
- Strong customer base of 1,200+ clients including major tech companies
- Established partnership with Silicon Valley Bank expanding initial credit facility
- None.
Insights
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Bugcrowd's platform represents a sophisticated approach to cybersecurity, leveraging crowdsourced expertise combined with AI capabilities. The "skills-as-a-service" model is particularly valuable as organizations face increasingly complex cyber threats across diverse technology stacks. Their focus on emerging areas like API security, cloud workloads and AI systems positions them well in high-growth segments. The platform's evolution to address hybrid work environments and cryptocurrency infrastructure demonstrates strong market adaptability. The additional capital will likely accelerate their AI capabilities, potentially widening their competitive moat in vulnerability detection and management.
Financing provided by SVB's Enterprise Software Group
Provided by听, the new financing will further scale Bugcrowd's AI-powered platform globally, fund continued innovation into the Bugcrowd Platform, and leverage opportunities for strategic M&A, providing added value to clients, partners, and the hacker community.
"We're excited to have the continued support of Silicon Valley Bank with this
For over a decade, Bugcrowd's unique "skills-as-a-service" approach has uncovered more high-impact vulnerabilities than traditional methods for more than 1,200 customers 鈥� including OpenAI, Google, T-Mobile, Carvana, the US听 Department of Defense's Chief Digital and Artificial Intelligence Office (CDAO), ExpressVPN, Rapyd, New Relic, and OpenSea. With greater flexibility and access to a decade of vulnerability intelligence, the Bugcrowd Platform has evolved to address a changing attack surface influenced by adoption of mobile infrastructure, hybrid work, APIs, crypto, cloud workloads, and AI.
"With its innovative platform, Bugcrowd helps companies quickly and cost effectively discover critical vulnerabilities and proactively avoid being blindsided by cyberattacks," said John Benetti, Managing Director with SVB's Enterprise Software Group. "SVB is excited to continue our long-standing relationship with Bugcrowd, expanding our initial credit facility, and providing creative financial solutions to help them grow and scale their business."
About Silicon Valley Bank鈥�
Silicon Valley Bank (SVB), a division of First Citizens Bank, is the bank of some of the world's most innovative companies and investors. SVB provides commercial banking to companies in the technology, life science and healthcare, private equity and venture capital industries. SVB operates in centers of innovation throughout
About Bugcrowd
We are Bugcrowd. Since 2012, we've been empowering organizations to take back control and stay ahead of threat actors by uniting the collective ingenuity and expertise of our customers and trusted alliance of elite hackers, with our patented data and AI-powered Security Knowledge Platform鈩�. Our network of hackers brings diverse expertise to uncover hidden weaknesses, adapting swiftly to evolving threats, even against zero-day exploits. With unmatched scalability and adaptability, our data and AI-driven CrowdMatch鈩� technology in our platform finds the perfect talent for your unique fight. We are creating a new era of modern crowdsourced security that outpaces threat actors.
"Bugcrowd", "CrowdMatch", and "Security Knowledge Platform" are trademarks of Bugcrowd Inc. and its subsidiaries. All other trademarks, trade names, service marks, and logos referenced herein belong to their respective companies.
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