Bugcrowd

What Bugcrowd does

Bugcrowd is a privately held, venture-backed crowdsourced cybersecurity company founded in 2012 in Australia and now headquartered in San Francisco, with co-headquarters in Sydney, additional offices in Bedford, NH and Pittsburgh, PA, and a global triage engineering presence across 11 countries. The company operates a two-sided platform that connects enterprise and government buyers with a vetted community of ethical hackers and curated pentesters, augmented by AI-driven matching, triage, and analytics. Its flagship Bugcrowd Platform unifies the Security Knowledge Graph (12+ years of vulnerability, asset, and hacker-skill data), CrowdMatch AI, Engineered Managed Triage, and a pre-built SDLC integration hub.

The product portfolio spans Managed Bug Bounty (pay-for-results), Vulnerability Disclosure (VDP), Pen Testing as a Service (PTaaS) with Standard/Plus/Max tiers, Red Team as a Service (Assured/Blended/Continuous), External Attack Surface Management, AI Pen Test, AI Bias Assessment, and the newer Reinforcement Learning Environments / ExploitBench products built on the November 2025 Mayhem Security acquisition. Pricing is primarily quote-based multi-year enterprise subscriptions; bug-bounty reward pools and PTaaS tiers create outcomes- and tier-based revenue layers, and the platform is also available through AWS Marketplace. Customers (~1,000 disclosed, including OpenAI, T-Mobile, Mastercard, Atlassian, NASA, Sophos, HP, Motorola, Pinterest, Indeed, Twilio, and the State of Maryland) span financial services, healthcare, retail, automotive, technology, government, and AI-adopting enterprises.

Bugcrowd monetizes via recurring subscriptions (PTaaS, VDP, EASM, RL Environments), outcomes-based bug bounty reward pools, and project/hybrid managed services pricing for RTaaS. Go-to-market is enterprise field sales augmented by the Carahsoft channel for US public-sector deals, AWS Marketplace for self-serve enterprise procurement, and a researcher-facing community layer (CrowdStream, Bugcrowd University, Discord) that supplies the talent pool. The company holds FedRAMP Moderate Authorization, CREST accreditation, CVE Numbering Authority status, SOC 2 Type 2, ISO 27001, HIPAA, GDPR, and PCI-DSS coverage, and reached unicorn status in February 2024 after a $102M Series E led by General Catalyst.

Name

Bugcrowd

Legal name

Bugcrowd, Inc.

Website

https://bugcrowd.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

101–250 employees

Short description

Bugcrowd operates a crowdsourced cybersecurity platform that pairs enterprise and government buyers with a vetted global hacker community and AI-driven matching, triage, and analytics across bug bounty, pen testing, VDP, attack surface management, and AI red-teaming engagements.

Ownership category

akta.pro rank

Product category

Crowdsourced Cybersecurity Platform (Bug Bounty & Penetration Testing)

NAICS

Security Systems Services (except Locksmiths) (561621), Security Systems Services (56162), Investigation and Security Services (5616)

SIC

Services-Testing Laboratories (8734), Services-Prepackaged Software (7372)

akta.pro primary industry

Model Security Testing & Red Teaming (adversarial ML, jailbreaks) (HDAAAKAC)

akta.pro secondary industries

Prompt Security & Injection Defense (HDAAAKAE), Safety & Alignment Evaluation (red-teaming, harmful capability testing) (HDAAAMAL), Bias, Fairness & Non-Discrimination Testing (HDAAAMAC)

Keywords

• Crowdsourced cybersecurity
• Bug bounty platform
• Penetration testing services
• Vulnerability disclosure
• Attack surface management

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations, Supply Chain

Revenue model

1. Managed Bug Bounty (pay-for-results): Outcomes-based pricing where customers pay rewards to researchers for valid, prioritized vulnerability findings; engagement-level subscriptions with managed triage and CrowdMatch included.
2. Pen Testing as a Service (PTaaS): Tiered subscription-based penetration testing (Standard / Plus / Max) launched within 72 hours with curated pentester teams; continuous subscriptions available; also offered via AWS Marketplace for procurement.
3. Vulnerability Disclosure Program (VDP): Managed, recurring VDP subscription with engineered triage, integrations, and reporting; aligns with BOD 20-01, HIPAA, SOX, GLBA, DORA, NIS2, CRA, and PSTI compliance mandates.
4. Red Team as a Service (RTaaS): Three engagement models (Assured, Blended, Continuous) — project-based pricing for Assured, hybrid reward pools for Blended, and replenishable reward pools tied to severity for Continuous engagements.
5. External Attack Surface Management (EASM): Recurring subscription for continuous external asset discovery, monitoring, and CVSS-rated risk prioritization; integrates with bug bounty and pen testing engagements.
6. Reinforcement Learning Environments / AI Security Infrastructure: Provides frontier AI labs access to hundreds of thousands of vulnerability training environments and the ExploitBench measurement framework, representing Bugcrowd's expansion into AI security infrastructure revenue.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels10 records

Core offering

Bugcrowd sells an AI-augmented crowdsourced cybersecurity platform that connects enterprise and government customers to a vetted global community of ethical hackers (the "Crowd") for continuous offensive security testing. Its core paid offerings are Managed Bug Bounty (pay-for-results), Pen Testing as a Service (PTaaS), Vulnerability Disclosure Programs (VDP), Red Team as a Service (RTaaS), External Attack Surface Management (EASM), and AI Pen Testing / AI Bias Assessment, all delivered with managed triage, CrowdMatch AI talent matching, and SDLC integrations.

Differentiator

Problem solved

Functional benefit

Brands

• CrowdMatch: AI-driven hacker selection and matching technology embedded in the Bugcrowd Platform.
• Bugcrowd EASM (formerly Informer EASM)
• SocialProof Security

Products and services

• Managed Bug Bounty Pay-for-results crowdsourced bug bounty program that uses CrowdMatch AI to assemble vetted ethical hackers for continuous vulnerability discovery; pricing is outcome-based with rewards paid to researchers on validated submissions. Includes engineered triage and SDLC integrations. Customers include OpenAI (Safety Bug Bounty), Atlassian, T-Mobile, Western Union, Mastercard, Chime, Okta, Zendesk, LaunchDarkly, eToro, Sophos, TaxSlayer, and Code.org.
• Pen Test as a Service (PTaaS) Cloud-delivered, CREST-accredited penetration testing service available in Standard, Plus, and Max tiers plus a continuous subscription option; engagements launch within 72 hours with real-time dashboards and SDLC integrations. Examples customers include BeeBole, Softdocs, and ActiveCampaign.
• Vulnerability Disclosure (VDP) Managed, recurring Vulnerability Disclosure Program with engineered triage, integrations, and reporting; aligned with BOD 20-01, HIPAA, SOX, GLBA, PSTI, DORA, NIS2, and CRA compliance mandates. Customers include NASA, State of Maryland (first statewide VDP), City of Vienna, Monash University, Barracuda Networks, and the CISA federal civilian enterprise-wide VDP covering 61 agencies.
• Red Team as a Service (RTaaS) Red Team as a Service offering three engagement models (Assured, Blended, Continuous) that simulate real-world adversaries to uncover tactical, operational, and strategic risks across the customer's environment.
• Attack Surface Management (EASM) External Attack Surface Management (formerly Informer EASM) that continuously discovers, maps, and prioritizes an organization's external digital footprint (web domains, subdomains, IPs, cloud services) across AWS, Azure, and GCP with CVSS-based risk prioritization and integrations into PTaaS and Bug Bounty engagements.
• AI Pen Test AI-driven penetration testing offering that leverages autonomous offensive-security techniques (symbolic execution and fuzzing from DARPA Cyber Grand Challenge research, brought in via the Mayhem Security acquisition) to test applications, APIs, and AI systems for exploitable vulnerabilities.
• Continuous Attack Surface Pen Testing Continuous, incremental human-powered penetration testing triggered as the external attack surface changes; provides evidence of continuous coverage for compliance reporting and ongoing risk reduction as part of the PTaaS portfolio.
• AI Bias Assessment Crowdsourced assessment of AI/ML systems for bias, fairness, and EU AI Act compliance, leveraging Bugcrowd's vetted researcher community and AI security tooling.
• AI-Powered Security Intelligence Embedded AI intelligence layer within the Bugcrowd Platform combining the AI Triage Assistant (conversational AI for vulnerability summarization, attack-chain mapping, and Nuclei template generation), AI Analytics ("Ask AI" natural-language interface for program insights), and AI Connect (Model Context Protocol bridge to customers' internal AI stacks). Generally available since December 10, 2025.
• Reinforcement Learning Environments AI security infrastructure product (launched May 21, 2026) built on Mayhem Security technology that provides hundreds of thousands of reinforcement-learning training environments based on real open-source vulnerable code with verifiable outcomes, used by leading LLM providers to train AI agents on vulnerability discovery, exploitation, and remediation. Sold with the ExploitBench measurement framework.
• Bugcrowd Platform The core Bugcrowd Platform that fuses human ingenuity with AI to deliver managed bug bounty, PTaaS, VDP, RTaaS, EASM, and AI security services from a single console; includes AI-augmented triage, the Security Knowledge Graph, CrowdMatch talent matching, an SDLC integration hub, and APIs/MCP for custom workflows.
• Mayhem Security (ForAllSecure) — AI Offensive Security Platform AI-driven autonomous offensive security platform acquired by Bugcrowd in November 2025 (now operating as ForAllSecure within Bugcrowd, based in Pittsburgh); uses symbolic execution and fuzzing techniques originating from DARPA's Cyber Grand Challenge to power Bugcrowd's AI Pen Test, Reinforcement Learning Environments, and ExploitBench measurement framework.
• Social Engineering Pen Test Social engineering penetration testing, awareness workshops, and video training delivered through Bugcrowd's exclusive partnership with SocialProof Security (Rachel Tobac), covering vishing, phishing, and human-factor risk. Customer example: Diamond Credit Union.

Quantifiable outcome

• 7x more critical vulnerabilities found vs. traditional approaches
• +11 more outcomes

Named customers29 records

Segments12 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability10 records

Feature10 records

Partnerships

26 partnerships are on record, tiered strategic cloud / marketplace & eu data residency host, strategic federal implementation partner, flagship public-sector distribution partner, strategic us federal government sponsor and partner, flagship acquisition — pittsburgh-based carnegie mellon spinoff, strategic us state-level government engagement, latin america regional distributor, exclusive partner for social engineering offerings, core integration for sdlc workflow, core developer workflow integration, enterprise it service management integration, communications integration, core communications integration, vulnerability management integration, security orchestration integration, secure-gateway integration for engagement access, incident response integration, work-item management integration, project-management integration, automated scanning/template integration and developer training integration.

• Amazon Web Services (AWS)strategic cloud / marketplace & eu data residency hostTechnology or Integration · 1 June 2026AWS hosts Bugcrowd's new EU Data Residency Option (in AWS Frankfurt, available July 1 2026) and lists Bugcrowd PTaaS on the AWS Marketplace; also featured as a Bugcrowd ecosystem partner at The Hive events.
• EnDynastrategic federal implementation partnerImplementation/ SI/ Consulting Partner · 1 June 2026EnDyna is Bugcrowd's implementation partner for the first federal civilian enterprise-wide crowdsourced VDP platform with CISA under BOD 20-01.
• Carahsoft Technologyflagship public-sector distribution partnerChannel Partner/ Reseller/ Distributor · 1 April 2026Carahsoft serves as Bugcrowd's Master Government Aggregator for the US public sector, distributing the FedRAMP Moderate-authorized Bugcrowd Platform to federal, state, and local agencies through NASA SEWP V, OMNIA Partners, and E&I Cooperative Services contract vehicles.
• CISA (Cybersecurity and Infrastructure Security Agency)strategic us federal government sponsor and partnerStrategic or Co-development Partner · 1 March 2026CISA sponsored Bugcrowd's FedRAMP Moderate Authorization (announced March 2026) and, with EnDyna, launched the first federal civilian enterprise-wide crowdsourced VDP platform under BOD 20-01 covering 61 participating agencies.
• Mayhem Security (ForAllSecure)flagship acquisition — pittsburgh-based carnegie mellon spinoffStrategic or Co-development Partner · 1 November 2025Bugcrowd acquired Mayhem Security (renamed ForAllSecure) in November 2025; Mayhem's AI-driven autonomous offensive testing platform (symbolic execution and fuzzing rooted in DARPA's Cyber Grand Challenge) powers Bugcrowd's adaptive security platform, Reinforcement Learning Environments product, and ExploitBench framework. The acquisition nearly doubled Bugcrowd's valuation.
• State of Marylandstrategic us state-level government engagementOthers · 1 October 2025Maryland launched the first US statewide Vulnerability Disclosure Programme operated by Bugcrowd, amid federal CISA budget cuts.
• M3corplatin america regional distributorChannel Partner/ Reseller/ Distributor · 1 January 2024Brazilian M3corp partnership to deliver cloud pen testing and other Bugcrowd services to Latin American customers.
• SocialProof Securityexclusive partner for social engineering offeringsStrategic or Co-development Partner · 1 January 2023SocialProof Security (founded by Rachel Tobac) powers Bugcrowd's social engineering awareness training, workshops, video training, and pen testing products.
• Jira (Atlassian)core integration for sdlc workflowTechnology or Integration · 1 January 2022Pre-built Jira connector automatically generates Jira tickets for valid vulnerabilities with bi-directional updates; a core part of Bugcrowd's "shift left" SDLC integration story.
• GitHubcore developer workflow integrationTechnology or Integration · 1 January 2022Streamlines workflows between security and development, scaling bug-bounty and pen-test programs via GitHub.
• ServiceNowenterprise it service management integrationTechnology or Integration · 1 January 2022Seamless handoff of validated vulnerability findings to ServiceNow engineering workflows.
• Microsoft Teamscommunications integrationTechnology or Integration · 1 January 2022Receives Microsoft Teams notifications for platform events.
• Slackcore communications integrationTechnology or Integration · 1 January 2022Automatically delivers notifications on critical program activities to Slack channels, including dedicated triage channels for real-time communication.
• Kenna Security (now part of Cisco)vulnerability management integrationTechnology or Integration · 1 January 2022Pulls Bugcrowd vulnerability data into Kenna VM on a preconfigured schedule.
• Qualysvulnerability management integrationTechnology or Integration · 1 January 2022Shares vulnerability data across platforms to centralize vulnerability management.
• IBM SOARsecurity orchestration integrationTechnology or Integration · 1 January 2022Connects and contextualizes vulnerability data for faster remediation and response within IBM SOAR workflows.
• Nucleus Securityvulnerability management integrationTechnology or Integration · 1 January 2022Syncs Bugcrowd vulnerability data directly into the Nucleus console.
• Cloudflaresecure-gateway integration for engagement accessTechnology or Integration · 1 January 2022Cloudflare Zero Trust integration secures, controls, and provides visibility into target access for bug-bounty and pen-test engagements.
• PagerDutyincident response integrationTechnology or Integration · 1 January 2022Manages who receives PagerDuty notifications for critical program events.
• Opsgenie (Atlassian)incident response integrationTechnology or Integration · 1 January 2022Manages who receives Opsgenie notifications for program events.
• Splunk On-Call (VictorOps)incident response integrationTechnology or Integration · 1 January 2022Manages who receives Splunk On-Call notifications for program events.
• Azure Boards (Microsoft)work-item management integrationTechnology or Integration · 1 January 2022Creates Azure DevOps work items automatically from validated Bugcrowd submissions.
• Trello (Atlassian)project-management integrationTechnology or Integration · 1 January 2022Manages broader vulnerability-related projects via Trello integration.
• ProjectDiscovery (Nuclei)automated scanning/template integrationTechnology or Integration · 1 January 2022Automatically generates Nuclei templates from triaged vulnerabilities for retesting.
• Secure Code Warriordeveloper training integrationTechnology or Integration · 1 January 2022Provides remediation training links to developers based on findings.
• HackEDU (now Security Journey)developer training integrationTechnology or Integration · 1 January 2022Automatically uses identified vulnerabilities to build dynamic secure-coding training plans.

Scale indicators16 records

Recent moves7 records

Expansion highlights8 records

Direct peers

• Cobalt: Cobalt is a direct competitor in Penetration Testing as a Service (PTaaS), using a vetted crowdsourced pentester model with similar on-demand scoping and integration workflows. It overlaps with Bugcrowd's PTaaS Standard/Plus/Max tiers and Continuous Attack Surface Pen Testing product.
• HackerOne: HackerOne is the largest direct competitor in crowdsourced bug bounty and vulnerability disclosure, operating a similar two-sided platform connecting enterprises with global security researchers. It directly overlaps with Bugcrowd's managed bug bounty, VDP, and pentest offerings and serves many of the same enterprise and government customers.
• Synack: Synack is a direct competitor in crowdsourced penetration testing and PTaaS, combining a vetted researcher community with a managed platform. It competes head-to-head with Bugcrowd's PTaaS tiered offering and Bug Bounty programs in the enterprise and federal markets.
• Intigriti: Intigriti is a direct competitor in crowdsourced bug bounty and vulnerability disclosure with strong European presence, competing for the same enterprise bug bounty and VDP budgets. Its researcher community and platform feature set are closely comparable to Bugcrowd's bug bounty and VDP products.
• YesWeHack: YesWeHack is a direct competitor offering crowdsourced bug bounty, VDP, and pentest programs with a large European researcher community. It competes with Bugcrowd for global enterprise and government bug bounty contracts, especially in EMEA.
• Bishop Fox: Bishop Fox is a direct competitor in offensive security services, including continuous penetration testing, red teaming, and attack surface management. It overlaps with Bugcrowd's PTaaS, RTaaS, and EASM offerings for enterprise and financial services customers.

Emerging players

• Detectify: Detectify is an emerging player in External Attack Surface Management (EASM) and crowdsourced vulnerability research, overlapping with Bugcrowd's EASM and Bug Bounty offerings. It competes especially in AppSec buyer budgets for asset discovery and continuous monitoring.

Broad incumbents

• NCC Group: NCC Group is a broad incumbent in cybersecurity consulting and penetration testing, offering CREST-accredited pentesting, red teaming, and managed security services. It competes with Bugcrowd's PTaaS and RTaaS but as part of a much wider portfolio rather than a specialized crowdsourced platform.
• CrowdStrike: CrowdStrike is a broad endpoint and cloud security incumbent that has expanded into exposure management, ASM, and offensive security-adjacent offerings. While not a direct crowdsourced competitor, it pressures Bugcrowd's enterprise buyers through bundled platform deals and Falcon Surface EASM.
• Tenable: Tenable is a broad incumbent in vulnerability management (Nessus, Tenable One) with growing ASM and exposure management capabilities. It competes with Bugcrowd's EASM and integrates into the same SDLC vulnerability workflows via connectors like Kenna and Qualys.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/bugcrowd
• YouTubeyoutube.com/channel/UCo1NHk_bgbAbDBc4JinrXww
• LinkedInlinkedin.com/company/bugcrowd
• Instagraminstagram.com/bugcrowd
• Facebookfacebook.com/Bugcrowd

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Bugcrowd