#1 Crowdsourced Cybersecurity Platform

Crowd Testing Tools

Bugcrowd teams with elite security researchers to reduce risk & improve security ROI through our bug bounty, pen testing, & vulnerability disclosure programs.

Employees

201-500

Funding

Growth ($102M)

AI Classification

CybersecurityMSP/MSSP

Bugcrowd is a crowdsourced cybersecurity platform founded in 2012 that connects 1,200+ enterprise organizations with a community of 500,000+ vetted security researchers to identify vulnerabilities through managed bug bounty programs, vulnerability disclosure programs (VDPs), penetration testing as a service (PTaaS), and red team services. Customers include T-Mobile, Mastercard, OpenAI, Atlassian, NASA, and CISA across financial services, healthcare, government, and technology sectors.

Deep Intelligence

Buying Signals

$102M Series E funding round closed February 2024, led by General Catalyst, followed by a $50M debt financing round in November 2024 — total $152M raised in a single calendar year
Achieved unicorn status in 2024 with $1B+ valuation, signaling aggressive growth trajectory and investor confidence
Acquired Mayhem Security (AI offensive security, Carnegie Mellon spinout) in November 2025 to integrate autonomous vulnerability discovery into the platform
Acquired Informer in May 2024 to expand attack surface management and penetration testing capabilities
Active deployment of AI capabilities including CrowdMatch AI for researcher matching, AI Triage Assistant, and proprietary AI Analytics — signals continued platform investment

Account Scoring

Tier ALow Churn RiskRecently Funded

Pain Signals

Primary competitor HackerOne drives 1.4M monthly website visits versus Bugcrowd, indicating a traffic and brand awareness gap that may pressure sales cycles
Customer base skews heavily SMB (36% under 50 employees) despite enterprise positioning, suggesting potential misalignment between target market and current customer mix
Technology stack includes PHP as a primary backend language, which may indicate legacy infrastructure constraints relative to cloud-native competitors