Bugcrowd Raises $1.6 Million To Expand Bug Bounty Marketplace | TechCrunch

Crowdsourced bug bounty marketplace Bugcrowd has raised $1.6 million from investors to grow its community of 3,000 vetted security penetration testers who can find vulnerabilities and weaknesses in a new feature or application. The Australian startup is hoping to democratise the models commercialised by Facebook and Google, who have paid out millions of dollars to ethical hackers who find and report bugs in their software -- before those vulnerabilities are exposed publicly.