Security startup Synack raises $7.5 million in funding

Posted Apr 25, 2014

Synack is an online security company that has raised $7.5 million in funding. What Synack does is recruit hackers to help eliminate vulnerabilities on corporate networks. This round of funding was led by Kleiner Perkins Caufield & Byers with participation from Google Ventures (new investor) and previous investors Greylock Partners, Allegis Capital, and Shape Security CEO Derek Smith.

?Organizations have been ill-equipped to deal with their security challenges ? especially in terms of locating and spotting security vulnerabilities. We bring together a global contingent of the top security experts worldwide and pay them on a bounty basis to discover security vulnerabilities in our customers,? stated Synack CEO Jay Kaplan.

Kaplan and Synack co-founder/CTO Mark Kuhr previously used to work at the National Security Agency (NSA) as senior analysts. Through this funding round, Synack is looking to further expand its network of experts and hire a sales/marketing team to pitch businesses to customers. Synack has hundreds of experts in its network and wants to add hundreds more.