In spite of the continuous downturn brought about by COVID-19, Bugcrowd witnessed a 133% hike in year-over-year improvement from the worldwide segment.
About Bugcrowd
Bugcrowd is one of the best-crowdsourced security companies. Top Fortune 500 companies trust Bugcrowd to control their Bug Bounty,
Attack Surface Management, Penetration Testing, and Vulnerability Disclosure programs. Bugcrowd is backed by Costanoa Ventures, Blackbird Ventures, Industry Ventures, Triangle Peak Partners, Paladin Capital Group, Salesforce Ventures, and Rally Ventures.
Increase in Bugcrowd’s International Segment
Bugcrowd, the crowdsourced cybersecurity platform, today declared that it proceeded with its vital improvement in the second quarter of the fiscal year 2021, driven by a 133% boost in bookings in its global sector and a gain of more than 50% in worldwide clients.
The company also witnessed a bookings increase of around 60% in the Information Technology and Services segment worldwide and more than 65% rise in the number of projects under management, reflecting the abrupt selection of its crowdsourced cybersecurity solutions.
“Businesses are experiencing changes of tectonic proportions, paving the way for new cyberattacks while leaving them exposed in the process,” said Ashish Gupta, CEO, Bugcrowd. “Our strong growth in Q2 shows that more businesses are leveraging the power of the Bugcrowd platform and our global network of on-demand researchers as a Security Force Multiplier™, enhancing their ability to prioritize and remedy their hardest-to-find security vulnerabilities, and maximize the impact of their existing security investments.”
In the end quarter, Bugcrowd continued investing heavily in its platform to assist companies of all sizes to deter possibly devastating cyber attacks. More buyers paid for numerous commodities than any second quarter in the company’s past, enforcing Vulnerability Disclosure, Attack Surface Management, and Penetration Testing solutions in expansion to Bug Bounty programs.
The Bugcrowd MVP protocol, which comprehends security researchers on the Bugcrowd platform who always surpasses client programs, also witnessed substantial expansion during the second quarter. The company had additional MVPs in Q2 than in any other quarter, with 49% surplus researchers receiving MVP status. Also, the company announced 86% more elevated emphasis vulnerabilities—those that could mutilate business operations, and uncover company IP or customer PII—compared to the same interval previous year.
