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Building Security Programs for Tomorrow - HackerOne Announces $25M Series B

  • June 24th , 2015

Empowering the world to build a safer Internet is no small feat, and we can't do it alone. Today, we're excited to announce that we raised a Series B financing round of $25 million led by New Enterprise Associates (NEA), with participation from our prior investor, Benchmark. Along with NEA's investment, we are thrilled to share that Jon Sakoda, General Partner, NEA will join our board of directors. Jon's security and enterprise experience make him an invaluable asset to our team. For more about Jon, check out his blog.

We also have the pleasure of announcing that individuals who have seen this new approach at work and share our passion for creating a safer Internet have invested in HackerOne, including Salesforce Chairman and CEO Marc Benioff, Digital Sky Technologies Founder Yuri Milner, Dropbox CEO and Co-founder Drew Houston, Yelp CEO and Co-founder Jeremy Stoppelman, Zenefits COO David Sacks, Riot Games CEO and Co-founder Brandon Beck, and Berggruen Holdings Chairman Nicolas Berggruen, among others.

Since our Series A, we have invested heavily in development and expanded our team from 10 to 50 employees. Our continued focus on development means that the HackerOne platform can support world-class brands including Yahoo!, Twitter, Adobe, Dropbox, LinkedIn, Square, Airbnb, Slack, Snapchat, Mail.Ru, QIWI and Vimeo, among others. Through HackerOne, our 250+ customers have awarded more than 1,500 security researchers, hackers, and developers over $3.2 million dollars. And most important of all, the community has helped uncover and resolve nearly 10,000 security vulnerabilities to date, helping protect billions of end users.

For our customers, today's news also means we will continue to grow our community, connecting you with some of the best and most creative minds in security. We will also continue to focus on developing new features and functions to help your security teams where they need it most. In the last year we've added a reputation engine, response automation, analytics, duplicate detection, and more.

For our hackers, our goal is to make vulnerability disclosure safe, transparent and rewarding. And we are committed to bringing you even more opportunities to prove your skills and be recognized.

In a world that increasingly relies on technology, we all win when security research is properly incentivized. The more organizations enable hackers to safely report vulnerabilities and reward them for their efforts, the safer the Internet becomes for us all. We think that's worth fighting for. Hack on!

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