Bug Bounty and vulnerability management platform YesWeHack has raised USD28 million in Series C funding. YesWeHack will use the funding to invest in artificial intelligence, launch new innovative solutions and expand international growth.
The latest funding round was led by the private equity firm Wendel, alongside new investors, including venture capital firms Adelie and Seventure Partners, as well as reinvestment from Bpifrance, Open CNP, and Eiffel Investment Group.
Since its last funding round in 2021, YesWeHack has increased its annual recurring revenue sixfold and tripled the number of ethical hackers registered on its platform. The company has also developed integrated pentest and attack surface management solutions, offering customers a unified approach to monitoring their online risks and vulnerabilities.
Founded by ethical hackers in 2015, YesWeHack connects organisations worldwide to tens of thousands of ethical hackers who uncover vulnerabilities in websites, mobile apps, connected devices and digital infrastructure.
When a security researcher finds a vulnerability, it is privately disclosed to the organisation so that it can be safely fixed before any damage is done. As a reward, the discovering hacker receives a financial reward, or ‘bounty’.
Clients include Tencent, Swiss Post, Telenor, Ooredoo, Orange, the French Ministry of Armed Forces and several other governments worldwide.
“Our model brings together security experts with diverse perspectives and knowledge, who are familiar with the rapid changes in technology so that we can most effectively address any gaps,” said YesWeHack APAC CEO Kevin Galleria.
All YesWeHack’s ethical hackers are carefully vetted and verified and undergo a rigorous KYC process. Their access to client infrastructure is managed incrementally by YesWeHack, based on experience, capabilities, and achievements.
