HackerOne, the world's most trusted hacker-powered security platform, today announced it has raised $49 million in a Series E funding round that hails its position as the category leader. The funding, led by investment firm GP Bullhound, brings total investment to date to nearly $160 million. It follows an eventful year in cybersecurity, culminating in the Log4j vulnerability in December 2021. In the first month of the zero day dropping, 612 hackers submitted 2,175 potential vulnerabilities to HackerOne customers. Customers across the board also saw a 97% increase in reports for misconfigurations in 2021, underscoring how digital transformation and cloud migrations have increased organizations' risk

The company plans to use the funding to invest in research and development and expand go-to-market activities. Existing investors, including Benchmark, NEA, Dragoneer Investment Group and Valor Equity Partners, also participated in the round.

HackerOne empowers the world to build a safer internet. As the world's most trusted hacker-powered security platform, HackerOne gives organizations access to the largest community of hackers on the planet. Armed with the most robust database of vulnerability trends and industry benchmarks, the hacker community mitigates cyber risk by searching, finding, and safely reporting real-world security weaknesses for organizations across all industries and attack surfaces.