Silicon Valley Bank (SVB), a division of First Citizens Bank announced it has provided a $50 million growth capital facility to Bugcrowd, a provider of crowdsourced cybersecurity solutions. Bugcrowd brings the collective ingenuity of organisations and hackers to mitigate vulnerabilities across all applications, systems, and infrastructure.
Provided by SVB’s Enterprise Software Group, the new financing will further scale Bugcrowd’s AI-powered platform globally, fund continued innovation into the Bugcrowd Platform, and leverage opportunities for strategic M&A, providing added value to clients, partners, and the hacker community.
