Led by General Catalyst, Bugcrowd has secured $102 million in strategic growth financing to scale its AI-powered crowdsourced security platform offerings globally.
The additional capital enables Bugcrowd to accelerate growth across EMEA, APAC, and the United States, fund continued innovation into the Bugcrowd Platform, and leverage opportunities for strategic M&A, providing added value to clients, partners, and the hacker community.
For Australian founder and now Chief Strategy Officer, Casey Ellis, this is an exciting time. Casey told MySecurity Media, “It’s a constant series of moments where I’m pinching myself. I get to work with this team, seeing all this play out, getting to have the kind of impact and influence that we’ve had. As an organisation it’s a thrill, frankly. That’s a lot of the reason why I’m still here. There’s still so much to achieve. This is a fantastic team for me to partner with, even as someone who’s more classically, an early stage guy, it’s just been phenomenal being able to partner on that and see them execute.”
As a part of this investment, Mark Crane, Partner at General Catalyst and Paul Sagan, Senior Advisor at General Catalyst, will join the Bugcrowd Board of Directors. Sagan will also step into the Board Chair role. Jeff Simon, Chief Security Officer at T-Mobile and Prabhath Karanth, Vice President and Global Head of Security and Trust at Navan, join the advisory board to serve alongside David Fairman, CIO & CSO – APAC at Netskope.
Interview conducted in Sydney, 26 March 2024.
Further reading visit https://australiancybersecuritymagazi…
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