ProjectDiscovery, a San Francisco, CA-based open-source powered security company that specializes in the detection of new, exploitable vulnerabilities, secured $25 million in a Series A financing round led by CRV.
Other participants in the funding round include Point72, SignalFire, Rain Capital, Mango Capital, Accel, Lightspeed, Guillermo Rauch, Caleb Sima, Talha Tariq, and more.
The company also 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."
ProjectDiscovery Cloud Platform serves as the company's first commercial offering. The platform enables enterprises to manage assets, discover vulnerabilities, and remediate them at scale, while also addressing cloud security misconfigurations.
Company: ProjectDiscovery, Inc.
Raised: $25.0M
Round: Series A
Funding Month: August 2023
Lead Investors: CRV
Additional Investors: Point72, SignalFire, Rain Capital, Mango Capital, Accel, Lightspeed, Guillermo Rauch, Caleb Sima, and Talha Tariq
Company Website: https://projectdiscovery.io/
Software Category: Open source-powered Security
About the Company: ProjectDiscovery is a globally distributed startup on a mission to democratize cyber security. ProjectDiscovery is an open-source-powered security company specializing in preemptive identification of new, exploitable vulnerabilities and misconfigurations. Its cloud platform integrates asset management, vulnerability detection, and cloud security tooling with unique remediation capabilities to provide an end-to-end solution that continuously secures enterprises' external perimeters and prioritizes protection against attackers over auditors.
Source: https://www.prnewswire.com/news-releases/cybersecurity-startup-projectdiscovery-announces-25m-series-a-financing-and-launch-of-projectdiscovery-cloud-platform-301903072.html