June 14, 2024 at 03:00AM
YesWeHack, a French bug bounty and vulnerability disclosure policy company, has raised €26 million in a Series C funding round, bringing its total raised to over $52 million. The investment was led by Wendel, with additional capital from other partners. YesWeHack plans to use the funds to invest in AI, launch new solutions, and expand internationally.
Key takeaways from the meeting notes:
– YesWeHack, a French bug bounty and vulnerability disclosure policy company, has secured a total of €26 million ($28 million) in a Series C funding round, bringing their total raised capital to over $52 million.
– The funding round was led by Wendel, with additional financial support from Adelie, Bpifrance, Eiffel Investment Group, Open CNP, and Seventure Partners.
– YesWeHack, founded in 2015 and headquartered in Paris, operates a crowdsourced platform connecting independent vulnerability researchers with affected vendors, offering in-house triage, support, and customizable pricing.
– The company claims to have over 500 customers globally, including organizations in private, public, and governmental sectors in Canada, France, Singapore, and Spain.
– The funds raised will be utilized to invest in AI, launch new solutions, and expand the company’s international growth.
– YesWeHack’s co-founder and CEO, Guillaume Vassault-Houlière, expressed gratitude to the investors for their trust and stated that the investment will lead to higher customer satisfaction and further innovation in the cybersecurity sector.