CrowdCurity, a San Francisco, CA-based provider of a crowdsourced security marketplace of responsible disclosure and bug bounty programs, raised $1m in seed funding.
Backers included Tim Draper, Kima Ventures, Gerhard Eschelbeck, Fengmin Gong, and 500 Startups.
The company intends to use the funds to expand its marketplace.
Launched in 2013 by Danish Esben FriisJensen, Christian Hansen, Jacob Hansen (CEO) and Jakob Storm, CrowdCurity allows businesses to create and host bug bounty programs that incentivize security researchers to disclose security vulnerabilities.
The company was backed by Bitcoin focused startup accelerator Boost.vc.
Following the deal, Julie Cullivan, CIO of FireEye, will act as an advisor to the team.