Bug bounty large HackerOne lands $49M, due to cloud adoption boon – TechCrunch

Bug bounty and penetration testing startup HackerOne has raised $49 million at Sequence E following a 12 months of large cloud adoption fueled by work-from-home orders.

The corporate — which mediates between hackers discovering safety points and firms eager to repair them — stated its current progress was pushed by an increase in zero-day vulnerabilities just like the flaw within the ubiquitous open supply logging platform Log4j, which put the web on discover forward of the December vacation. The variety of cloud misconfigurations that may result in uncovered methods or person information doubled previously 12 months, the corporate stated.

The corporate stated it has recognized over 17,000 excessive or vital vulnerabilities over the previous 12 months that in any other case may have resulted in compromise, with over 2,000 vulnerabilities dropped in December following the disclosure of the Log4j bug.

HackerOne CEO Marten Mickos stated as assault surfaces develop, corporations and governments have “by no means been so uncovered.”

The corporate stated it plans to make use of the funding to put money into analysis and improvement and to increase its go-to-market efforts.

The $49 million Sequence E places the overall quantity raised by HackerOne at near $160 million for the reason that firm’s founding in 2012. The spherical was led by GP Bullhound, with participation from present traders Benchmark, NEA, Dragoneer Funding Group, and Valor Fairness Companions.

Since launching in 2012, HackerOne gives its bug bounty providing to clients together with U.S. Division of Protection, Google, Dropbox, Microsoft, and Twitter.

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