Summary: YesWeHack, a leading security testing solution, has announced a €26 million Series C funding round to invest in Artificial Intelligence, launch new innovative solutions, and expand its international growth.
Threat Actor: None
Victim: None
Key Point :
- YesWeHack has secured a €26 million Series C funding round to invest in AI, launch new solutions, and expand internationally.
- The funding round is led by Wendel and includes new investors such as Adelie and Seventure Partners.
- Existing investors Bpifrance, Open CNP, and Eiffel Investment Group also reinvested in the company.
- Renaud Deraison, Co-Founder of Tenable and Senior Advisor to Wendel Growth, joins YesWeHack’s Board of Directors.
- YesWeHack’s Bug Bounty platform mobilizes a community of ethical hackers to test the security of its customers’ systems.
- The company has over 500 customers across 40 countries, including 70% of “CAC 40” companies.
YesWeHack announces a €26 million Series C funding round.
In a world where cyber risks are more strategic and complex than ever, YesWeHack will use this funding to invest in Artificial Intelligence, launch new innovative solutions and expand its international growth.
The round is led by Wendel, alongside new investors such as Adelie and Seventure Partners, as well as reinvestment from Bpifrance, Open CNP and Eiffel Investment Group. YesWeHack is also delighted to welcome Renaud Deraison, Co-Founder of Tenable and Senior Advisor to Wendel Growth, to its Board of Directors.
YesWeHack is the leading security testing solution for organisations of all sizes. Its Bug Bounty platform mobilises a community of tens of thousands ethical hackers to test the security of its customers in an agile and cost-effective way, thus reducing their attack surface.
With more than 500 customers across 40 countries, YesWeHack covers all business sectors, including:
- 70% of “CAC 40” companies
- Global organisations such as Louis Vuitton, Decathlon and Tencent
- Telecoms companies such as Orange, Ooredoo and Telenor
- Unicorns such as Contentsquare, Doctolib and Blablacar
- Public institutions in countries such as France, Spain, Canada and Singapore
Since its last funding round in 2021, YesWeHack has increased by six times its annual recurring revenue and tripled the number of ethical hackers registered on its platform. The company has also developed integrated pentest and attack surface management solutions, offering customers a unified approach to monitoring their online risks and vulnerabilities.
Guillaume Vassault-Houlière, CEO of YesWeHack, commented: “This funding round is a vote of confidence in our commitment to excellence and our ambitious vision. Thanks to this investment, YesWeHack will deliver even higher levels of customer satisfaction and continue developing innovative solutions in one of the most dynamic segments of cybersecurity. We would like to thank our investors, both longstanding and new, and are honoured by their trust.”
“Bug bounty is now recognised as a must by some of the companies most exposed to the cyber threat. We are delighted to be working with the European leader YesWeHack, which stands out for its quality of service, compliance with regulations and the relevance of its technological roadmap for customers who are increasingly overwhelmed by the growing volume of vulnerabilities,” said Antoine Izsak, Head of Growth Equity at Wendel.
Renaud Deraison, Co-Founder of Tenable, Senior Advisor to Wendel Growth and new member of the Board of Directors added: “YesWeHack’s community of experts is one of the most qualified in the world to continuously test the security of its customers’ digital infrastructure. I’m honoured to join YesWeHack’s Board of Directors and look forward to contributing to the company’s mission alongside Guillaume and his team.”
Source: https://www.helpnetsecurity.com/2024/06/11/yeswehack-funding-e26-million
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