ProjectDiscovery, the open source powered security company that specializes in the detection of new, exploitable vulnerabilities, today announced that it has raised $25 million in a Series A financing round led by CRV, with participation from Point72, SignalFire, Rain Capital, Mango Capital, Accel, Lightspeed, Guillermo Rauch, Caleb Sima and Talha Tariq, among others. At the same time, the company announced the launch of its ProjectDiscovery Cloud Platform, a fully-managed SaaS platform built on top of ProjectDiscovery’s most popular open source tools to enable enterprises to discover and remediate vulnerabilities at scale.
Rishiraj Sharma, Co-Founder and Chief Executive Officer of ProjectDiscovery, said, “Today’s announcement of our $25 million Series A from visionary venture firm CRV and our existing investors, along with the launch of our ProjectDiscovery Cloud Platform, makes us better positioned than ever to advance our mission of democratizing cybersecurity by leveraging the power and speed of our talented and enthusiastic open source community.”
Andy Cao, Chief Operating Officer of ProjectDiscovery, said, “ProjectDiscovery already stands as an extraordinary success story in open-source cybersecurity. Thousands of security experts from all over the world have collaborated with us to build some of the most powerful and modern security tools on the market. Our portfolio of open-source projects has accumulated over 60k GitHub stars with +100k weekly downloads, and we rank as one of the fastest growing open-source cybersecurity companies. Nuclei, our core scanning engine, sees over 50 million scans each month from users across 100 different countries. With this additional funding, we are poised to build out a world-class team, launch a market-leading enterprise offering, and continue to support our millions of open-source users. Our success today is a direct result of our loyal community and our growth plans will enable us to give back to our community sustainably for many years to come.”
Also Read: Conceal Enhances Browser Security in Strategic Partnership with NGS
Reid Christian, General Partner of CRV, said, “With cyberattacks and new vulnerabilities emerging and evolving at an ever-accelerating rate, it’s clear that traditional black-box approaches focused on compliance are ill-equipped to keep pace. With its new cloud platform, ProjectDiscovery has not only introduced a powerful new solution to the threats we’re seeing – they have created a whole new approach that allows engineers from all over the world to collaborate in real time to diagnose and rapidly remediate security risks as they emerge. ProjectDiscovery perfectly exemplifies the kind of creative, far-sighted innovation that CRV seeks to support, and we’re eager to work with their team to further accelerate the ProjectDiscovery growth story.”
ProjectDiscovery Cloud Platform
ProjectDiscovery was born out of a collaboration between four cybersecurity engineers who saw a glaring need for modern security tools that could automate asset discovery and vulnerability scanning to continually detect new elements in an organization’s evolving attack surface. In conjunction with a passionate open-source community, they developed a suite of open source solutions including ProjectDiscovery’s original Nuclei vulnerability scanner to enable anyone to discover trending and exploitable vulnerabilities across web applications, APIs, cloud environments and third-party applications.
SOURCE: PRNewswire