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Bugcrowd Secures $102M in Growth Funding

Finsmes · 1y ago

Bugcrowd Secures $102M in Growth Funding

Bugcrowd, an AI-powered crowdsourced security platform, has raised $102 million in growth funding. Led by General Catalyst, with participation from existing investors Rally Ventures and Costanoa Ventures, the funding will accelerate Bugcrowd’s growth worldwide and support innovation in its platform. The company connects its network of hackers to uncover vulnerabilities and adapt to emerging threats. Bugcrowd aims to redefine crowdsourced security and continue being a leader in the market. Mark Crane and Paul Sagan from General Catalyst will join the board of directors.

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Bugcrowd raises $102 million from General Catalyst, others

Economic Times

Economic Times · 1y ago

Bugcrowd raises $102 million from General Catalyst, others

Bugcrowd, a cybersecurity startup known for its bug bounty program, has raised $102 million in Series E funding. Led by General Catalyst, the funding round will enable Bugcrowd to expand internationally, make potential acquisitions, and increase its staff. The company reported a 40% revenue growth in 2023, thanks to the launch of a channel program and new security services offerings. Bugcrowd currently serves about 1,000 customers globally, including OpenAI and T-Mobile, and is aiming to add 100 employees to its team of 350.

Bugcrowd raises $102 million led by General Catalyst, others

IndianStartupNews

IndianStartupNews · 1y ago

Bugcrowd raises $102 million led by General Catalyst, others

Bugcrowd, a crowdsourced cybersecurity company, has raised $102 million in strategic growth financing led by General Catalyst. The funding will be used to accelerate global expansion, enhance the platform, and pursue mergers and acquisitions. Bugcrowd also onboarded Mark Crane and Paul Sagan of General Catalyst to its Board of Directors. The company's AI-powered platform has been effective in identifying vulnerabilities, with nearly 23,000 high-impact vulnerabilities found in 2023. Bugcrowd plans to expand its team and continue supporting clients in penetration testing, attack surface management, and bug bounty programs.

Recogni Raises $102M in Series C Funding

Finsmes · 1y ago

Recogni Raises $102M in Series C Funding

San Jose-based AI computing company, Recogni, has secured $102 million in Series C funding. The round was led by Celesta Capital and GreatPoint Ventures, with participation from existing investors such as Mayfield, DNS Capital, BMW i Ventures, and SW Mobility Fund. The funds will be used to further develop Recogni's AI inference solutions, with a focus on improving performance and efficiency while maintaining low cost. Recogni specializes in high compute, low power, and scalable AI solutions for Generative AI and autonomous platforms. The company also has an office in Munich, Germany.

Torus Robotics secures $470,000 seed investment from TNIFMC

Business Today

Business Today · 1y ago

Torus Robotics secures $470,000 seed investment from TNIFMC

DeepTech startup Torus Robotics has raised $470,000 in a seed funding round led by Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC). The funding will be used to accelerate research and development operations, facilitate the commercialisation of Torus Robotics' powertrain technology solutions for electric vehicles (EVs), and support innovation and growth. The Chennai-based company aims to revolutionise electric mobility by offering more efficient and affordable solutions, with a particular focus on axial flux motors and controllers.

The Cloud Secures $12M in Series B Funding

Finsmes · 1y ago

The Cloud Secures $12M in Series B Funding

Food tech startup, The Cloud, has raised $12 million in Series B funding, bringing their total funding to $30 million. The Abu Dhabi-based company plans to use the investment to accelerate growth, expand internationally, improve operational capabilities, and enhance their technology platform. The Cloud currently offers dining solutions in 7 countries and 91 cities and aims to increase its presence to 8,000 locations by 2027. The company recently acquired KBOX to expand its global footprint in the UK and is preparing for a dual listing in Abu Dhabi and Riyadh.

SaaS fintech startup Perfios secures $80 million in funding from TVG

Economic Times

Economic Times · 1y ago

SaaS fintech startup Perfios secures $80 million in funding from TVG

Indian fintech startup Perfios has raised $80m in a funding round led by Teachers' Venture Growth, the growth investment firm of Ontario Teachers' Pension Plan. Perfios plans to use the funds to explore growth opportunities and expand internationally. The startup will invest in technology to improve customer experience across multiple sectors, including banking and insurance. Perfios is also reportedly considering an IPO in India that could raise around $500m at a valuation of $2bn, and aims to enter the US and European markets in 2024.

Meter Secures $35M in Funding

Finsmes · 1y ago

Meter Secures $35M in Funding

San Francisco-based internet infrastructure company for businesses, Meter, has raised $35 million in funding in a round led by Sam Altman and Lachy Groom, with participation from existing investors including Sequoia, Meraki co-founders John Bicket and Sanjit Biswas, and VMware founder Diane Greene. Meter plans to use the funds to accelerate growth and development efforts. The company offers a Network as a Service (NaaS) solution that simplifies network deployment and management, providing visibility, configurability, and interoperability to customers. Some of its services include network design, deployment, hardware upgrades, and ongoing management and maintenance.

Fixed asset investment platform Tap Invest secures $2 million funding

Economic Times

Economic Times · 1y ago

Fixed asset investment platform Tap Invest secures $2 million funding

Tap Invest, a fixed asset investment platform, has raised $2 million in its seed round of funding. The funding was led by Snow Leopard Ventures and included participation from angel investors such as Kunal Shah, founder of Cred. Tap Invest offers fixed income investment opportunities, allowing investors to participate in asset leasing and invoice discounting. The company plans to use the funds to expand its market presence, pursue growth, and diversify its range of services in the debt investment space.

Non-drinking water filtration brand WaterScience secures funding from Velocity

Entrackr

Entrackr · 2d ago

Non-drinking water filtration brand WaterScience secures funding from Velocity The fresh funds will be used to accelerate its growth trajectory, strengthen brand marketing initiatives, and introduce new product categories, WaterScience said in a press release. Non-drinking water filtration brand WaterScience has secured Rs 1.4 crore in funding from Velocity, a growth capital platform backed by Peter Thiel’s Valar Ventures. The fresh funds will be used to accelerate its growth trajectory, strengthen brand marketing initiatives, and introduce new product categories, WaterScience said in a press release. Co-founded in 2014 by Sudeep Nadukkandy, Pavithra Rao, and Mohammed Iqbal, WaterScience addresses critical water quality issues that affect over 95% of household water use beyond drinking. The company offers more than 40 products across categories including shower & tap filters, appliance filters, kitchen filters, water softeners, and whole-house filtration systems for hard water, chlorine & other contaminants. Commenting on the announcement, Pavithra Rao, Co-Founder, WaterScience, said, “This funding is a strong validation of our mission to make water safer and healthier for every Indian home. With Velocity’s support, we will scale faster and innovate across new categories, ensuring that WaterScience continues to set the benchmark for water solutions in India. Having already reached 2 million homes, we are excited to add another 1 million this year.” Currently, WaterScience claims that its products are present in over 2 million Indian homes, and the company is aiming to add 1 million more homes in FY25-26. It also claims to have a 70% year-on-year growth and strong presence across marketplaces like Amazon, Flipkart, Shopify, and more than 1,000 offline retailers. Backed by Peter Thiel's Valar Ventures, Velocity has partnered with more than 4,000 D2C and digital-first brands, disbursing over Rs 1,100 crore in funding.

Deep-Tech, Sustainable Material Innovation Company Bambrew Secures ₹90 Crores Funding

StartupTalky

StartupTalky · 2m ago

Deep-Tech, Sustainable Material Innovation Company Bambrew Secures ₹90 Crores Funding

Bambrew, a Bengaluru-based sustainable material innovation company, secured ₹90 crores in funding led by Ashok Goel and ENRISSION INDIA CAPITAL. Founded in 2019, Bambrew specializes in producing compostable packaging alternatives to single-use plastics using natural materials. The funding will support Bambrew's growth, manufacturing scale-up, and global market expansion. With plans to achieve a revenue milestone of ₹120 crore, the company aims to advance sustainable packaging solutions while maintaining high performance and compliance standards.

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