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, sarà utilizzato per scalare globalmente la piattaforma AI-powered di Bugcrowd, finanziare l'innovazione della piattaforma e perseguire opportunità 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 è rivelato efficace nel rivelare vulnerabilità ad alto impatto in diverse infrastrutture digitali.
Bugcrowd ha asegurado una facilidad de capital de crecimiento de 50 millones de dólares de Silicon Valley Bank (SVB), una división de First Citizens Bank. La financiación, proporcionada por el grupo Enterprise Software de SVB, se utilizará para escalar globalmente la plataforma impulsada por IA de Bugcrowd, financiar la innovación de la plataforma y perseguir oportunidades estratégicas de fusiones y adquisiciones. Las soluciones de ciberseguridad crowdsourced de Bugcrowd han atendido a más 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.
버그크라우드는 실리콘밸리 은행(SVB)로부터 5천만 달러의 성장 자본 시설을 확보했습니다. 이 자금은 SVB의 기업 소프트웨어 그룹에서 제공되며, 버그크라우드의 AI 기반 플랫폼을 전 세계적으로 확장하고, 플랫폼 혁신에 자금을 지원하며, 전략적 인수합병 기회를 추구하는 데 사용될 것입니다. 버그크라우드의 크라우드소싱 사이버 보안 솔루션은 OpenAI, Google, T-Mobile, 미국 국방부를 포함하여 1,200명 이상의 고객에게 서비스되었습니다. 회사의 '서비스로서의 기술' 접근 방식은 다양한 디지털 인프라에서 고위험 취약점을 발견하는 데 효과적임이 입증되었습니다.
Bugcrowd a obtenu une facilité 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 utilisé pour étendre la plateforme alimentée par l'IA de Bugcrowd à l'échelle mondiale, financer l'innovation de la plateforme et rechercher des opportunités stratégiques de fusions et acquisitions. Les solutions de cybersécurité crowdsourced de Bugcrowd ont servi plus de 1 200 clients, y compris OpenAI, Google, T-Mobile et le département de la Défense des États-Unis. L'approche 'skills-as-a-service' de l'entreprise s'est révélée efficace pour détecter des vulnérabilités à fort impact dans diverses infrastructures numériques.
Bugcrowd hat eine Wachstumsfinanzierung in Höhe 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-gestützte Plattform von Bugcrowd global auszubauen, die Innovation der Plattform zu finanzieren und strategische M&A-Möglichkeiten zu verfolgen. Die crowdsourced Cybersicherheitslösungen 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
The
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 SVB's Enterprise Software Group, 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 – including OpenAI, Google, T-Mobile, Carvana, the US 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
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™. 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™ 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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SOURCE Silicon Valley Bank
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