Bug bounty and vulnerability disclosure firm Bugcrowd introduced on Tuesday that it has acquired software safety agency Mayhem Safety.
Monetary phrases of the deal haven’t been disclosed. Nevertheless, Bugcrowd instructed SecurityWeek that the acquisition of Mayhem has practically doubled its valuation.
Whereas there doesn’t look like any latest valuation information, Bugcrowd was reportedly valued at over $1 billion after it raised $102 million in February 2024.
Mayhem, beforehand named ForAllSecure, has raised $36 million. The corporate has developed AI-powered API safety, code safety, and dynamic SBOM merchandise, and Bugcrowd says these options will allow it to reinforce its safety testing capabilities.
Mayhem know-how will likely be built-in with Bugcrowd’s human-driven crowdsourced testing to allow organizations to ship safe software program by repeatedly discovering and prioritizing vulnerabilities, and validating their remediation.
“By integrating Mayhem’s capabilities into the Bugcrowd Platform, we’re constructing the business’s first actually adaptive safety platform, enabling clients to anticipate, take a look at, and defend at unprecedented scale,” mentioned Dave Gerry, CEO of Bugcrowd. “This can be a strategic step towards realizing our imaginative and prescient of an clever, self-learning platform that unites human creativity with machine intelligence, whereas shrinking clients’ assault floor.”
Bugcrowd final 12 months acquired UK-based exterior assault floor administration and pentesting agency Informer to reinforce its providing.
Greater than 360 mergers and acquisitions have been added this 12 months to SecurityWeek’s cybersecurity M&A tracker. Practically two dozen of the offers concerned software safety firms. Commercial. Scroll to proceed studying.
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