How Much Did HackerOne Raise? Funding & Key Investors

HackerOne has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform connects businesses with ethical hackers to identify and resolve security vulnerabilities.

Keep reading to explore the intricacies of HackerOne's fundraising journey and the investors backing this innovative platform.

What Is HackerOne?

HackerOne, founded in 2012, is headquartered in San Francisco, California. The company was established by Alex Rice, Jobert Abma, Merijn Terheggen, and Michiel Prins.

HackerOne connects businesses with penetration testers and cybersecurity researchers to identify and resolve security vulnerabilities. The platform offers bug bounty solutions and vulnerability disclosure programs.

With a workforce of 251-500 employees, HackerOne leverages a global community of ethical hackers to enhance security for organizations worldwide.

How Much Funding Has HackerOne Raised?

1. Series A
   • Amount Raised: $9M
   • Date: May 2014
   • Lead Investors: Benchmark
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To secure ambitious funding and leverage hacker-powered security to make the internet safer.
2. Series B
   • Amount Raised: $25M
   • Date: June 2015
   • Lead Investors: New Enterprise Associates
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand product offerings and scale operations.
3. Series C
   • Amount Raised: $40M
   • Date: February 2017
   • Lead Investors: Dragoneer Investment Group
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale enterprise and data-powered offerings.
4. Series D
   • Amount Raised: $36.4M
   • Date: September 2019
   • Lead Investors: Valor Equity Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand global market reach and strengthen the hacker community.
5. Series E
   • Amount Raised: $49M
   • Date: January 2022
   • Lead Investors: GP Bullhound
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance technological capabilities and enter new markets.
6. Venture Round
   • Amount Raised: Not publicly disclosed
   • Date: April 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue scaling operations and product offerings.

HackerOne has raised a total of $159.4M. The current valuation is not publicly disclosed.

Key Investors

• Benchmark
  • Details: Benchmark is a venture capital firm known for its early-stage investments in technology companies. It has a strong track record of backing successful startups.
  • Investment Focus Areas: Early-stage venture capital, technology startups.
  • Notable Investments: Uber, Twitter, eBay.
• New Enterprise Associates (NEA)
  • Details: NEA is one of the world's largest venture capital firms, investing in technology and healthcare companies. It has a diverse portfolio and a global presence.
  • Investment Focus Areas: Technology, healthcare, energy.
  • Notable Investments: Coursera, Duolingo, Robinhood.
• Dragoneer Investment Group
  • Details: Dragoneer is a growth-oriented investment firm that focuses on technology and other high-growth sectors. It partners with companies at various stages of development.
  • Investment Focus Areas: Technology, healthcare, consumer sectors.
  • Notable Investments: Airbnb, DoorDash, Spotify.
• Valor Equity Partners
  • Details: Valor Equity Partners is a private equity firm that invests in high-growth companies across various sectors. It is known for its strategic involvement in its portfolio companies.
  • Investment Focus Areas: Technology, consumer, industrial sectors.
  • Notable Investments: Tesla, SpaceX, Addepar.
• GP Bullhound
  • Details: GP Bullhound is a technology advisory and investment firm. It provides strategic advice and capital to high-growth technology companies.
  • Investment Focus Areas: Technology, digital media, software.
  • Notable Investments: Slack, Spotify, Unity.

What's Next for HackerOne?

HackerOne is poised to capitalize on the growing demand for cybersecurity solutions. With a robust platform and a global community of ethical hackers, the company is well-positioned to expand its market reach and enhance its enterprise offerings. The recent $36.4 million Series D funding will enable HackerOne to scale its operations and strengthen its hacker community, addressing the increasing need for robust security measures.

Future fundraising opportunities appear promising as the cybersecurity market continues to grow. Investors are likely to remain interested, given HackerOne's demonstrated success and market leadership. However, the company will need to navigate challenges such as maintaining the quality of its hacker community and staying ahead of evolving cyber threats. Balancing rapid growth with robust operational practices will be crucial for sustained success.

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