Sydney security startup Bugcrowd gains $1.6m to help herd hackers - ZDNET
A September 2013 ZDNet article reports that Sydney startup Bugcrowd raised a $1.6 million seed round from investors including Icon Venture Partners and Square Peg Capital. Casey Ellis, who co-founded Bugcrowd with Sergei Belakomen and Chris Raethke, is quoted valuing seed investors for their expertise and connections as well as their capital.
Source description, as published
Some may have looked at crowdsourcing penetration testing from hackers as dangerous, but investors are seeing promise in Sydney startup Bugcrowd.