Synac Raises $52M in Series D Funding

Synack, Inc., a Redwood City, Calif.-based crowdsourced security testing platform, raised $52m in Series D funding.

The round, which brought total funding to $112.1m, was led by B Capital Group and C5 Capital with participation from previous investors GGV Capital, GV (formerly Google Ventures), Hewlett Packard Enterprise, Icon Ventures, Intel Capital, Kleiner Perkins, Microsoft’s venture fund M12 and Singtel Innov8 (the corporate venture arm of the Singtel Group).

The company intends to use the funds to expand internationally, invest in the community, and further advance its technology.

Founded in 2013 by former NSA security experts Jay Kaplan, CEO, and Dr. Mark Kuhr, CTO, Synack is a crowdsourced security platform that continuously protects organizations with ethical hacker talent and proprietary scanning technology. More than 1,500 of the world’s best security researchers from 82 countries are part of the Synack Red Team community that hunts for critical vulnerabilities. Their smarts combined with the software safeguards global banks, federal agencies, DoD sensitive assets, and close to $1 trillion in Global 2000 revenue.



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