Synack, Inc., a Redwood City, CA-based hacker-powered intelligence platform, raised $21.25m in Series C funding.
The round was led by Microsoft Ventures with participation from new investors Hewlett Packard Enterprise and Singtel Innov8 and current investors GGV Capital, GV (formerly Google Ventures) and Kleiner Perkins Caufield & Byers. In conjunction with the funding, Microsoft Ventures will take a seat on Synack’s board along with Gary Steele, CEO of Proofpoint and security industry veteran.
The company, which has raised over $55m in total funding, intends to use the capital to further develop the Synack Platform, scale adoption across the U.S. and Europe, enter Asia Pacific (APAC), and continue to recruit and invest in skilled hackers.
Led by CEO Jay Kaplan and CTO Mark Kuhr, Synack provides a hacker-powered security platform that enables clients to get access to hundreds of vetted ethical hackers who provide an adversarial perspective of IT environments. Supported by proprietary technology, the company’s solution uncovers critical security vulnerabilities, manages all triage and operations, and provides an analytical view of the whole environment for the customer.
The client base is comprised of some of the largest F500/G500 enterprise organizations across banking and financial services, healthcare, consumer goods and retail, manufacturing, technology and the U.S. Federal Government.