eqtventures

EQT Ventures invests in HackerOne

Andreas Thorstensson

HackerOne, the world’s leading bug bounty and vulnerability disclosure platform, announces the completion of its $40 million Series C funding round with EQT Ventures as one of the investors. As part of its international growth strategy, HackerOne has opened two additional offices in Germany and United Kingdom, with plans to double its engineering team in the Netherlands.

HackerOne is the #1 bug bounty and vulnerability disclosure platform, connecting organizations with the world’s largest community of trusted hackers. More than 800 organizations, including The U.S. Department of Defense, General Motors, Intel, Uber, Twitter, GitHub, Nintendo, Kaspersky Lab, Panasonic Avionics, Qualcomm, Square, Starbucks, Dropbox and the CERT Coordination Center trust HackerOne to find critical software vulnerabilities before criminals can exploit them. HackerOne's customers have resolved more than 42,000 vulnerabilities and awarded hackers more than $15M USD in bug bounties. HackerOne is headquartered in San Francisco with offices in London, Germany and the Netherlands.

"Hacker-powered security is the most effective way to find your vulnerabilities in live systems and hackers in Europe are among the most talented in the world,” said Marten Mickos, CEO, HackerOne. “Our strategic partnership with EQT Ventures will help European companies protect millions of customers with aid from the world’s largest and most talented hacker community.”

“HackerOne is revolutionizing the cybersecurity industry by helping the world to build a safer internet,” said Hjalmar Winbladh, Partner and Co-Head of EQT Ventures. “Every type of company, from technology to more traditional industries, should be working with hackers to find where they are most vulnerable and we couldn’t be more excited about the fund’s investment in the company.”

Three questions with Marten Mickos

  1. Why should companies use a bug bounty platform like HackerOne?

    “All software has vulnerabilities, and the most effective way to find them is through a bug bounty program. The size, skill and diversity of the worldwide ethical hacker community outpower any malicious attack group. And what's best, you only pay for real results. That's why Uber, Slack, Snapchat, Github, Intel, Lufthansa, General Motors and the US DoD have chosen HackerOne.”

  2. What’s the most interesting bug bounty competition you’ve run so far?

    “HackerOne did "Hack the Pentagon" for the US Department of Defense. Over 1,400 vetted and pre-qualified hackers participated. They reported their first bug within just 13 minutes. All in all, this 8 week challenge produced 138 valid submissions, and the DoD saw a return on investment of 1,000 percent.”

  3. What will EQT Ventures be able to contribute to HackerOne?

    “HackerOne is expanding rapidly in Europe, and EQT Ventures is the perfect partner for supporting our growth. Furthermore, bug bounty programs are becoming increasingly important to traditional companies and industries, and access to the broader ecosystem around EQT will be beneficial for all involved.”

Read full press release here - http://www.businesswire.com/news/home/20170410005453/en/HackerOne-Strengthens-Presence-Europe-Growing-Demand-Hacker-Powered