When was Bugcrowd founded?

Bugcrowd was founded in 2012 and became a unicorn in 2024.

Where is Bugcrowd located?

Bugcrowd is headquartered in San Francisco, United States. It is registered at San Francisco, California.

Which legal entities is Bugcrowd associated with?

Bugcrowd is associated with BUGCROWD INC.

How many employees does Bugcrowd have?

As of Jun 30, 2026, the latest employee count at Bugcrowd is 3762.

Is Bugcrowd a funded company?

Bugcrowd is a funded company, having raised a total of $184M across 9 funding rounds to date. The company's 1st funding round was raised for an undisclosed amount in a Seed round.

How much is Bugcrowd worth?

The latest valuation of Bugcrowd is $1B as of Feb 12, 2024.

When was the latest funding round of Bugcrowd?

Bugcrowd's latest funding was a $50M Conventional Debt round on Nov 01, 2024, with participation from 1 investor.

Is Bugcrowd a Software Testing Tools company?

The primary sectors of Bugcrowd are Software Testing Tools and Cybersecurity.

Where does Bugcrowd rank among its competitors?

Bugcrowd ranks 6th amongst 263 active competitors, of which 44 are funded. It stands 3rd in terms of total funding among its competitors. The most recent competitor to raise funding was XBOW, which secured $35M in May, 2026.

Who are the top competitors of Bugcrowd?

Bugcrowd's top competitors include Applause, Cobalt and TestIO. Among them, XBOW secured the most recent funding round in May, 2026.

Bugcrowd - 2026 Company Profile, Team, Funding & Competitors

Bugcrowd is a series E company based in San Francisco (United States), founded in 2012 by Casey Ellis, Chris Raethke and Sergei Belokamen. It operates as a Provider of crowdsourced security platform offering vulnerability disclosure and penetration testing. Bugcrowd has raised $184M in funding from investors like Paladin Capital, Blackbird Ventures and Rally Ventures, with a current valuation of $1B. The company has 263 active competitors, including 44 funded and 12 that have exited. Its top competitors include companies like Applause, Cobalt and TestIO.

Company Details

Provider of crowdsourced security platform offering vulnerability disclosure and penetration testing. The platform facilitates vulnerability submissions from security researchers. It offers penetration testing as a service to meet compliance goals. Red team services simulate real-world threats to uncover risks.

Website: www.bugcrowd.com/
Social
Email ID: *****@bugcrowd.com
Phone Number: +1 **********
Registered Address: San Francisco, California

Key Metrics

Founded Year

2012

Location

San Francisco, United States

Stage

Series E

Total Funding

$184M in 9 rounds

Latest Funding Round

Conventional Debt, Nov 01, 2024, $50M

Post Money Valuation

$1B as on Feb 12, 2024

Investors

Paladin Capital & 21 more

Ranked

6^th among 263 active competitors

Employee Count

3,762 as on Jun 30, 2026

Investment & Acquisitions

Mayhem & 1 more

Similar Companies

Cobalt & 81 more

View Bugcrowd's full profile

Bugcrowd is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
BUGCROWD INC CIN: 900933021 , United States, Active	Dec 31, 1999	-	198 (As on Dec 31, 2024)	-

Bugcrowd has raised a total funding of $184M over 9 rounds. Its latest funding round was a Conventional Debt round on Nov 01, 2024 for $50M. 1 investor participated in its latest round. Bugcrowd has 22 institutional investors.

Here is the list of recent funding rounds of Bugcrowd:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 01, 2024	$50M	Conventional Debt	-	-	-	SVB
Feb 12, 2024	$102M	Series E	$1B	-	General Catalyst	Rally Ventures, costanoa-ventures.com
Mar 23, 2020	$30M	Series D	-	-	Rally Ventures	Paladin Capital, Blackbird Ventures, Hostplus, Industry Ventures

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View details of Bugcrowd's funding rounds and investors

The founders of Bugcrowd are Casey Ellis, Chris Raethke and Sergei Belokamen.

Here are the details of Bugcrowd's key team members:

Casey Ellis: Founder and Chief Strategy Officer of Bugcrowd. They are also an angel investor in 3 startups and serve on the board of 1 company.
Chris Raethke: Co-founder / CTO of Bugcrowd and founder of 1 other company. They serve on the board of 1 company.
Sergei Belokamen: Former Co-Founder of Bugcrowd and founder of 1 other company.
Contact Info: 1 email address

Bugcrowd's Board of Directors

Bugcrowd's board has 17 active members. Ashish Gupta, Casey Ellis, Jim Wilson, Niki Scevak, Chris Raethke, Michael Jennings, Neill Occhiogrosso, Arthur Coviello, Mason Yates, Chris Nadan, Charles Beeler, Robert Taccini, Mark O'Connor, Arthur W. Coviello, Jr., David Gerry, Jr., Daniel Lascell and Dain DeGroff are independent board members.

Here is the list of Bugcrowd's board of directors:

Name	Type	Representing	Status	Duration
Ashish Gupta	Independent board member	-	Current	8y 3m
Casey Ellis	Independent board member	-	Current	11y 3m
Jim Wilson	Independent board member	-	Current	2y 9m
Niki Scevak	Independent board member	-	Current	8y 3m
Chris Raethke	Independent board member	-	Current	11y 3m
Michael Jennings	Independent board member	-	Current	2y 9m
Neill Occhiogrosso	Independent board member	-	Current	11y 3m
Arthur Coviello	Independent board member	-	Current	6y 3m
Mason Yates	Independent board member	-	Current	2y 9m
Chris Nadan	Independent board member	-	Current	2y 9m
Charles Beeler	Independent board member	-	Current	11y 3m
Robert Taccini	Independent board member	-	Current	2y 9m
Mark O'Connor	Independent board member	-	Current	6y 3m
Arthur W. Coviello, Jr.	Independent board member	-	Current	8y 3m
David Gerry, Jr.	Independent board member	-	Current	2y 9m
Daniel Lascell	Independent board member	-	Current	8y 3m
Dain DeGroff	Independent board member	-	Current	6y 3m

View details of Bugcrowd's Founder profiles and Board Members

Bugcrowd's employee count trend

Bugcrowd has 3,762 employees as of Jun 26. Here is Bugcrowd's employee count trend over the years:

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Top competitors of Bugcrowd include Applause, Cobalt and TestIO. Here is the list of Top 10 competitors of Bugcrowd, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Applause 1966, Framingham (United States), Acquired	Platform offering crowdsourced testing solution	$116M	Goldman Sachs, QuestMark Partners & 18 others	80/100
2nd	Cobalt 2013, San Francisco (United States), Series B	Provider of penetration testing as a service and offensive security	$36.6M	Highland Europe, Kima Ventures & 24 others	71/100
3rd	TestIO 2011, Berlin (Germany), Acquired	Continuous and launch testing	$5M	Turn/River, IBB & 3 others	70/100
4th	HackerOne 2012, San Francisco (United States), Series E	AI powered security testing platform	$159M	Dragoneer Investment Group, GP Bullhound & 7 others	70/100
5th	Synack 2013, San Francisco (United States), Series D	Platform offering security testing solution	$112M	Kleiner Perkins, Icon Ventures & 26 others	70/100
6th	Bugcrowd 2012, San Francisco (United States), Series E	Provider of crowdsourced security platform offering vulnerability disclosure and penetration testing	$184M	Icon Ventures, Rally Ventures & 20 others	66/100
7th	Testbirds 2011, Munich (Germany), Acquired	Websites and mobile application crowd testing platform	$14.7M	Round2 Capital Partners, b2venture & 14 others	66/100
8th	XBOW 2024, Seattle (United States), Series C	AI-powered autonomous penetration testing platform	$270M	Sequoia Capital, Altimeter Capital & 17 others	65/100
9th	FireCompass 2019, Wilmington (United States), Series B	Provider of automated penetration testing, red teaming, and attack surface management	$30.5M	Athera, Bharat Innovation Fund & 9 others	65/100
10th	Invicti 2006, Austin (United States), Series B	Provider of web application and API security testing and management	$665M	Turn/River Capital, Summit Partners & 1 others	61/100