ProjectDiscovery [1] [2] [3] [4], a security company specializing in detecting vulnerabilities [2], has successfully raised $25 million in a Series A financing round [1] [2] [3] [4]. This funding will support the company’s mission to democratize cybersecurity through its open-source community and innovative vulnerability management approach.
Description
ProjectDiscovery has secured $25 million in a Series A financing round [1], led by CRV and with participation from Point72 Ventures [2] [3] [4], SignalFire [1] [2] [3] [4], Rain Capital [1] [2] [3] [4], Mango Capital [1] [2] [3] [4], Accel [1] [2] [3] [4], Lightspeed [1] [2] [3] [4], Guillermo Rauch [1] [2] [3] [4], Caleb Sima [1] [2] [3] [4], and Talha Tariq [1] [2] [3] [4], among others [2] [3] [4]. This funding will enable the company to further develop its offerings and expand its reach.
In addition to the funding announcement, ProjectDiscovery has also launched its ProjectDiscovery Cloud Platform [1] [4]. This fully-managed SaaS platform allows enterprises to discover and address vulnerabilities at scale [1]. Leveraging the company’s popular open-source tools [4], the platform offers streamlined tool running, automated connection functionality [1], and support for enterprise requirements [1].
Since its beta release, over 3,000 organizations and engineers have registered for the ProjectDiscovery Cloud Platform [1]. This demonstrates the platform’s appeal and the demand for effective vulnerability management solutions.
Conclusion
The successful funding round and launch of the ProjectDiscovery Cloud Platform mark significant milestones for ProjectDiscovery. With the support of investors and the adoption of its platform by numerous organizations, the company is well-positioned to make a lasting impact in the cybersecurity industry.
By leveraging its open-source community and innovative approach [1], ProjectDiscovery aims to democratize cybersecurity and empower enterprises to effectively manage vulnerabilities. This not only enhances the security posture of organizations but also contributes to the overall resilience of the digital ecosystem.
Looking ahead, ProjectDiscovery will continue to innovate and develop solutions that address emerging cybersecurity challenges. With its strong foundation and commitment to excellence, the company is poised to shape the future of vulnerability management and make a positive difference in the fight against cyber threats.
References
[1] https://www.darkreading.com/cloud/projectdiscovery-announces-25m-series-a-financing-and-launch-of-cloud-platform
[2] https://www.prnewswire.com/news-releases/cybersecurity-startup-projectdiscovery-announces-25m-series-a-financing-and-launch-of-projectdiscovery-cloud-platform-301903072.html
[3] https://finance.yahoo.com/news/cybersecurity-startup-projectdiscovery-announces-25m-160200378.html
[4] https://www.investorsobserver.com/news/qm-pr/5960333784312890
