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Bugcrowd unveils AI platform and new cybersecurity model

5 Nov 2024

Bugcrowd unveils AI platform and new cybersecurity model
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Contact Bugcrowd
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Related Links
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  • Bugcrowd names Cyber Vigilance as UK channel partner
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  • Bugcrowd secures $50M from SVB for growth and innovation

Bugcrowd, the pioneer in crowdsourced security, announced the addition of Trey Ford as Chief Information Security Officer for the Americas, to the leadership team.

Trey is a seasoned strategic advisor and security thought pioneer with over 25 years of experience in offensive and defensive security disciplines. Trey has held key leadership roles at Deepwatch, Vista Equity Partners, Salesforce, Black Hat, and more. He has also been a valued member of Bugcrowd's advisory board for over a decade.

Future of cybersecurity

Trey is eager to work with firm pioneers, corporate directors, and investors to help teams

Trey is passionate about working with enterprise pioneers, corporate directors, and investors to help teams strengthen their technology and execution strategy.

“I’m really looking forward to joining this amazing Bugcrowd team and this fast-growing, dynamic organisation that continues to execute on its compelling vision for the future of cybersecurity, based on the ingenuity of the crowd,” Ford said. “I’ve always believed in taking a hands-on approach to building, breaking, and deconstructing security problems to first principles-I intend to continue applying that same mindset here at Bugcrowd.” 

Team’s capabilities to new heights

“Trey’s addition to our team marks a pivotal moment for enhancing our operational capabilities in the Americas region,” said Nick McKenzie, Chief Information and Security Officer of Bugcrowd.

“His leadership and offensive security expertise, coupled with his ability to help us connect with and support customers, will elevate the team’s capabilities to new heights—a timely appointment with our current business momentum.”

Bugcrowd’s AI-powered platform

Bugcrowd told an other growth capital facility of USD 50 million from Silicon Valley Bank in October

Bugcrowd also announced the availability of Bugcrowd Continuous Attack Surface Pentesting as a Service Subscription, a new way to consume pen testing. By using this subscription model, customers can enjoy the flexibility and predictability of pre-paid capacity on the Bugcrowd Platform to be drawn-down on demand.

In addition, Bugcrowd announced an additional growth capital facility of USD 50 million from Silicon Valley Bank in October. The new financing will further scale Bugcrowd’s AI-powered platform globally, fund continued innovation into the Bugcrowd Platform, and leverage opportunities for strategic M&A, providing added value to clients, partners, and the hacker community.

Powerful insights 

“We are extremely excited by the rapid growth and market momentum that Bugcrowd has achieved so far this year,” said Dave Gerry, Chief Executive Officer of Bugcrowd. “We believe we are putting together the world’s strongest combination of people and technologies to deliver on the powerful insights provided by elite hackers operating on our global Platform.”

The Bugcrowd Platform connects organisations with trusted security researchers and hackers to help proactively defend themselves against sophisticated threats.

Bugcrowd’s crowdsourced solutions

For over a decade, Bugcrowd’s unique "skills-as-a-service" approach has uncovered more high-impact vulnerabilities than traditional methods, along with clearer ROI, for more than 1,200 customers – including OpenAI, Google, T-Mobile, Carvana, the US Department of Defence’s Chief Digital and Artificial Intelligence Office (CDAO), ExpressVPN, Rapyd, New Relic, and OpenSea. 

With unmatched flexibility and access to a decade of vulnerability intelligence, the Bugcrowd Platform has evolved to address a changing attack surface influenced by the adoption of mobile infrastructure, hybrid work, APIs, crypto, cloud workloads, and AI. Bugcrowd’s crowdsourced solutions include penetration-testing-as-a-service, managed bug bounties, vulnerability disclosure programs (VDPs), and AI Safety and Security products.

From facial recognition to LiDAR, explore the innovations redefining gaming surveillance

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