HackerOne Raises $36 Million

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HackerOne had one goal when it launched: “to empower the world to build a safer internet.”

Today, it got more funding to make that goal a reality.

HackerOne reported it raised $36.4 million in Series D funding with Valor Equity Partners. The San Francisco based company raised $110 million to date.

HackerOne is a bug bounty platform that supports over 1500 clients who secure the system for cybersecurity specialists that hunt down security threats. The startup says it has found over 130,000 bugs for companies and governments worldwide. The hackers who tracked down those bugs were paid over $65 million in bounties. That could bubble up to more than $100 million by the end of next year.

HackerOne is so successful at tracking bugs, the Department of Defense chose the startup to run their “Hack the Pentagon” program. Several major companies use HackerOne also, including Dropbox, Spotify, PayPal, Twitter, Toyota and Airbnb.

“We are excited about our growing ambitions. We have built a massive hacker community and provided paths of advancement for the most talented and committed hackers,” said Marten Mickos, CEO of HackerOne in a blog post.  “We will further refine this model and provide even better opportunities for hackers to learn, be challenged, and do good, with great rewards for great accomplishments. Increasingly, we are seeing pentesters and other security research experts sign up at HackerOne. They know that the best challenges are found in bug bounty programs — and customers know that the best hackers are found in our network.”

HackerOne plans to use the new funding to expand its footprint globally beyond its base in the U.S., U.K., Signapore and the Netherlands.