YesWeHack secures €26m in Series C for cutting-edge cybersecurity expansion

 

YesWeHack, a leading Bug Bounty and vulnerability management platform, has successfully concluded a €26m Series C funding round to bolster its operational capabilities and expand its global footprint.

Known for its role in connecting organizations with ethical hackers to enhance digital security, YesWeHack plans to leverage the investment to advance its technological prowess and extend its market reach. The funding round was spearheaded by Wendel, with participation from new investors Adelie and Seventure Partners, alongside ongoing support from Bpifrance, Open CNP, and Eiffel Investment Group. Notably, Renaud Deraison, co-founder of Tenable and Senior Advisor to Wendel Growth, joins YesWeHack’s board, adding strategic insights and experience.

YesWeHack has established itself as a pivotal player in security testing, offering a sophisticated Bug Bounty platform that mobilizes a diverse community of ethical hackers. This approach enables businesses of all sizes to proactively identify and mitigate potential security risks and vulnerabilities. The company serves a diverse clientele of over 500 organizations spanning 40 countries, including prominent entities such as “CAC 40” companies, global brands like Louis Vuitton and Tencent, as well as major players in telecom and public sectors.

With the fresh infusion of capital, YesWeHack plans to enhance its Artificial Intelligence capabilities, introduce new product offerings, and expand its global operations. This strategic expansion is aimed at tackling the growing complexity of cyber threats faced by modern digital infrastructures.

Since its previous funding round in 2021, YesWeHack has achieved remarkable growth, witnessing a six-fold increase in annual recurring revenue and tripling its roster of registered ethical hackers. The company has diversified its service portfolio to encompass integrated pentest and attack surface management solutions, providing a comprehensive suite for online risk and vulnerability management.

Guillaume Vassault-Houlière, CEO and Co-founder of YesWeHack, expressed optimism about the company’s future trajectory, stating, “This funding round underscores our dedication to excellence and our ambitious vision for cybersecurity innovation. With this investment, YesWeHack is poised to elevate customer satisfaction levels and pioneer new solutions in one of the cybersecurity industry’s most dynamic sectors. We extend our heartfelt gratitude to both our longstanding and new investors for their trust and support.”

In summary, YesWeHack’s latest funding round marks a significant milestone in its journey to fortify digital security landscapes globally, reaffirming its leadership in ethical hacking and vulnerability management.

Source: fintech.global

Hipther

FREE
VIEW