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HackerOne Collects Series B Venture Capital

Thursday, June 25, 2015 5:46:00 AM PDT | VentureDeal

   Alameda, California  --  Security technology company HackerOne has landed $25 million in its second round of institutional venture capital investment.

HackerOne has developed an online platform that is what it calls "the first vulnerability management and bug bounty platform."

The company says that using its product is free, but it receives a 20% fee when a customer rewards a hacker for discovering a valid security hole.

New Enterprise Associates led the round, which included previous investor Benchmark Capital and other individual investors.

The company will use the funding to continue building its product and expanding its sales and marketing initiatives.

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PCI - Level1