YesWeHack, a global Bug Bounty and vulnerability management platform, announced a €26 million Series C funding round. Wendel led the round, which included new investors like Adelie and Seventure Partners and reinvestment from Bpifrance, Open CNP, and Eiffel Investment Group. YesWeHack also welcomed Renaud Deraison, Co-Founder of Tenable and Senior Advisor to Wendel Growth, to its Board of Directors.
YesWeHack will use this funding round to invest in Artificial Intelligence, launch new innovative solutions, and expand its international growth. And YesWeHack is the leading security testing solution for organizations of all sizes. Its Bug Bounty platform mobilizes a community of tens of thousands of ethical hackers to test the security of its customers in an agile and cost-effective way, thus reducing their attack surface.
With over 500 customers across 40 countries, YesWeHack covers all business sectors, including:
1.) 70% of “CAC 40” companies
2.) Global organizations such as Louis Vuitton, Decathlon, and Tencent
3.) Telecoms companies such as Orange, Ooredoo and Telenor
4.) Unicorns like Contentsquare, Doctolib and Blablacar
5.) Public institutions in countries such as France, Spain, Canada and Singapore
Since the last funding round in 2021, YesWeHack has increased sixfold its annual recurring revenue and tripled the number of ethical hackers registered on its platform. The company has also developed integrated pentest and attack surface management solutions, offering customers a unified approach to monitoring their online risks and vulnerabilities.
KEY QUOTES:
“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.”
- Guillaume Vassault-Houlière, CEO and Co-Founder of YesWeHack
“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.”
- Antoine Izsak, Head of Growth Equity at Wendel
“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.”
- Renaud Deraison, Co-Founder of Tenable, Senior Advisor to Wendel Growth, and new member of the Board of Directors
