YesWeHack Secures €26M in Series C Funding, Embarking on a New Chapter of Growth and Innovation
June 20, 2024, 3:36 am
Location: United Arab Emirates, Dubai
Employees: 51-200
Founded date: 2013
Total raised: $52.01M
YesWeHack, a pioneering bug bounty and vulnerability management platform based in Paris, has successfully raised a substantial €26 million in Series C funding. This significant funding round was spearheaded by Wendel, a prominent investment firm, and saw the participation of new investors such as Adelie and Seventure Partners, as well as reinvestment from key backers like Bpifrance, Open CNP, The Corporate Venture Capital fund of CNP Assurances, and Eiffel Investment Group. Notably, Renaud Deraison, the esteemed Co-Founder of Tenable and Senior Advisor to Wendel Growth, has now joined YesWeHack’s esteemed Board of Directors, bringing a wealth of experience and strategic insight to the table.
YesWeHack's core mission revolves around connecting organizations worldwide with ethical hackers who specialize in uncovering vulnerabilities in a myriad of digital assets, including websites, mobile applications, and connected devices. The platform's bug bounty programs are renowned for their efficacy, offering in-house triage, personalized support, customizable models, and results-driven pricing structures. Moreover, YesWeHack provides a suite of integrated, API-based solutions that encompass bug bounty initiatives, vulnerability disclosure policies, pentest management, and attack surface monitoring.
The platform's impressive client roster includes industry giants such as Tencent, Swiss Post, Telenor, Orange, and even governmental entities like the French Ministry of Armed Forces. With a global footprint spanning 40 countries and serving over 500 customers, YesWeHack has established itself as a trusted partner across diverse sectors, including telecoms, global corporations, unicorns, and public institutions.
This latest injection of capital will enable YesWeHack to accelerate its investments in Artificial Intelligence, launch innovative solutions, and further expand its international reach. By bolstering its technological capabilities and enhancing its service offerings, YesWeHack is poised to deliver even higher levels of customer satisfaction and solidify its position as a leader in the dynamic realm of cybersecurity.
As Guillaume Vassault-Houlière, the CEO and Co-Founder of YesWeHack, aptly puts it, "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 honored by their trust."
Antoine Izsak, Head of Growth Equity at Wendel, also expressed his enthusiasm about the partnership, stating, "Bug bounty is now recognized as a must by some of the companies most exposed to the cyber threat. We are delighted to be working with the European leader YesWeHack, which stands out for its quality of service, compliance with regulations, and the relevance of its technological roadmap for customers who are increasingly overwhelmed by the growing volume of vulnerabilities."
In a testament to the caliber of its offerings, YesWeHack has witnessed a remarkable sixfold increase in annual recurring revenue since its last funding round in 2021, alongside a threefold surge in the number of ethical hackers registered on its platform. The company's unwavering commitment to innovation has led to the development of integrated pentest and attack surface management solutions, providing customers with a comprehensive approach to monitoring and mitigating online risks and vulnerabilities.
Renaud Deraison, in his new role as a member of YesWeHack's Board of Directors, expressed his excitement about the company's trajectory, stating, "YesWeHack’s community of experts is one of the most qualified in the world to continuously test the security of its customers’ digital infrastructure. I’m honored to join YesWeHack’s Board of Directors and look forward to contributing to the company’s mission alongside Guillaume and his team."
As YesWeHack embarks on this new chapter of growth and innovation, fueled by the support of its investors and the dedication of its talented team, the company is poised to redefine the landscape of cybersecurity and empower organizations worldwide to navigate the evolving threat landscape with confidence and resilience.
YesWeHack's core mission revolves around connecting organizations worldwide with ethical hackers who specialize in uncovering vulnerabilities in a myriad of digital assets, including websites, mobile applications, and connected devices. The platform's bug bounty programs are renowned for their efficacy, offering in-house triage, personalized support, customizable models, and results-driven pricing structures. Moreover, YesWeHack provides a suite of integrated, API-based solutions that encompass bug bounty initiatives, vulnerability disclosure policies, pentest management, and attack surface monitoring.
The platform's impressive client roster includes industry giants such as Tencent, Swiss Post, Telenor, Orange, and even governmental entities like the French Ministry of Armed Forces. With a global footprint spanning 40 countries and serving over 500 customers, YesWeHack has established itself as a trusted partner across diverse sectors, including telecoms, global corporations, unicorns, and public institutions.
This latest injection of capital will enable YesWeHack to accelerate its investments in Artificial Intelligence, launch innovative solutions, and further expand its international reach. By bolstering its technological capabilities and enhancing its service offerings, YesWeHack is poised to deliver even higher levels of customer satisfaction and solidify its position as a leader in the dynamic realm of cybersecurity.
As Guillaume Vassault-Houlière, the CEO and Co-Founder of YesWeHack, aptly puts it, "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 honored by their trust."
Antoine Izsak, Head of Growth Equity at Wendel, also expressed his enthusiasm about the partnership, stating, "Bug bounty is now recognized as a must by some of the companies most exposed to the cyber threat. We are delighted to be working with the European leader YesWeHack, which stands out for its quality of service, compliance with regulations, and the relevance of its technological roadmap for customers who are increasingly overwhelmed by the growing volume of vulnerabilities."
In a testament to the caliber of its offerings, YesWeHack has witnessed a remarkable sixfold increase in annual recurring revenue since its last funding round in 2021, alongside a threefold surge in the number of ethical hackers registered on its platform. The company's unwavering commitment to innovation has led to the development of integrated pentest and attack surface management solutions, providing customers with a comprehensive approach to monitoring and mitigating online risks and vulnerabilities.
Renaud Deraison, in his new role as a member of YesWeHack's Board of Directors, expressed his excitement about the company's trajectory, stating, "YesWeHack’s community of experts is one of the most qualified in the world to continuously test the security of its customers’ digital infrastructure. I’m honored to join YesWeHack’s Board of Directors and look forward to contributing to the company’s mission alongside Guillaume and his team."
As YesWeHack embarks on this new chapter of growth and innovation, fueled by the support of its investors and the dedication of its talented team, the company is poised to redefine the landscape of cybersecurity and empower organizations worldwide to navigate the evolving threat landscape with confidence and resilience.