Bugcrowd Raises $1.6 Million To Expand Bug Bounty Marketplace | TechCrunch
TechCrunch reported on September 4, 2013, that crowdsourced bug bounty marketplace Bugcrowd had raised $1.6 million to expand its community of vetted security testers. Casey Ellis co-founded the Sydney-based startup with security researchers Sergei Belakomen and Chris Raethke, and it graduated from the Startmate accelerator in 2011.
Source description, as published
Crowdsourced bug bounty marketplace Bugcrowd has raised $1.6 million from investors to grow its community of 3,000 vetted security penetration testers who can find vulnerabilities and weaknesses in a new feature or application. The Australian startup is hoping to democratise the models commercialised by Facebook and Google, who have paid out millions of dollars to ethical hackers who find and report bugs in their software -- before those vulnerabilities are exposed publicly.
Inventors / authors: Mahesh Sharma