HackerOne, a San Francisco, CA-based vulnerability management and bug bounty platform, raised a $25m Series B financing.
The round was led by New Enterprise Associates (NEA) with participation from existing investors Benchmark, and angel investors 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. In conjunction with the funding, Jon Sakoda, general partner at NEA, joined HackerOne’s board of directors.
Led by Merijn Terheggen, co-founder and CEO, HackerOne is a software-as-a-service platform that provides the technology and automation to allow organizations to run their own vulnerability management and bug bounty programs. Powered by hackers, HackerOne surfaces security vulnerabilities on a continuous basis, allowing companies to fix issues before attackers have a chance to exploit them.
More than 250 organizations use the platform, including Yahoo!, Twitter, Adobe, Dropbox, LinkedIn, Square, Airbnb, Slack, Snapchat, Mail.ru, QIWI and Vimeo.
HackerOne is the founding member of Internet Bug Bounty, a program for hackers to divulge bugs for the most important open source software that supports the Internet, including Ruby on Rails, OpenSSL and Flash.
The company also has offices in the Netherlands.