Bugcrowd Secures $50 Million Growth Capital

Silicon Valley Bank (SVB) has provided a $50 million growth capital facility to Bugcrowd, an AI-powered platform for crowdsourced security. The financing will help scale Bugcrowd's platform globally, fund continued innovation into the Bugcrowd Platform, and leverage opportunities for strategic M&A. This investment follows a previous funding round of over $100 million led by General Catalyst in February 2022.