YesWeHack closes out €26m Series C Funding Round

YesWeHack closes out €26m Series C Funding Round
YesWeHack, a prominent Bug Bounty and cybersecurity vulnerability management platform, announced it has successfully raised €26 million in a Series C funding round.

The company is known for connecting organisations with thousands of ethical hackers, who help boost digital security by spotting flaws in existing systems.

The round was led by Wendel, with new participants Adelie and Seventure Partners alongside continued support from exciting investors. The round also saw Renaud Deraison, CO-Founder of Tenable and Senior Advisor to Wendel Growth, to YesWeHack’s board.

YesWeHack maintains a leading position in cybersecurity testing ro companies. The innovative Bug Bounty platform leverages a vast community of ethical hackers to test client security, thereby exposing vulnerabilities and increasing cyber resilience. The firm has a global client base, with over 500 companies, ranging from global brands like Louis Vuittion, insurers, key telecom and public sector players.

YesWeHack intends to use the funds to invest in AI technologies, launch new products and continue building an international presence. The strategic expansion aims to help address the increasingly complex cyber threats facing today’s digital infrastructures. 

Since its Series B round in 2021, YesWeHack has seen a six-fold increase in annual recurring revenue and a threefold increase of its registered ethical hackers. The company has expanded its offering to include integrates attack management solutions, providing a comprehensive approach to online risk and vulnerability management.

Guillaume Vassault-Houlière, CEO and Co-founder 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.”

Share this article: