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Home > Cybersecurity > HackerOne raises $49M in Series E funding

HackerOne raises $49M in Series E funding

HackerOne announced that the company has raised $49 million dollars in a Series E funding round.

Erdem Yasar by Erdem Yasar
January 27, 2022
in Cybersecurity
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Hacker-powered security platform, HackerOne announced that it has raised $49 million dollars in a Series E funding round. The round was led by investment firm GP Bullhound. With the latest round, the total investment was raised to approximately $160 million.

Log4j vulnerability

The funding round followed an eventful year, culminating in the Log4j vulnerability in December. In the first month of the zero-day dropping, 612 hackers submitted 2,175 potential vulnerabilities to HackerOne customers. Customers also saw a 97% increase in reports for misconfigurations in 2021.

Marten Mickos, CEO of HackerOne
Marten Mickos, CEO of HackerOne

The company stated that the funding will be used to invest in research and development and expand go-to-market activities. Existing investors, Benchmark, NEA, Dragoneer Investment Group, and Valor Equity Partners, also participated in the Series E funding round. Marten Mickos, CEO of HackerOne said,

« With Log4j, ransomware, and nation-state attacks, governmental institutions have never been so exposed. As attack surfaces grow, so does the gap between what digital assets organizations own and what they can protect. HackerOne is closing that gap and keeping its customers out of harm’s way in a way that no other mechanism can accomplish. In the past 12 months, we have identified over 17,000 high or critical vulnerabilities for our customers that could otherwise have been gaping holes for adversaries to enter through. To fuel our accelerating growth, we welcome GP Bullhound as our newest investor with their experience in supporting the most significant names in the global technology world. »

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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