ProjectDiscovery, a San Francisco, CA-based open source security company, raised $25M in Series A funding.
The round was led by CRV, with participation from Point72, SignalFire, Rain Capital, Mango Capital, Accel, Lightspeed, Guillermo Rauch, Caleb Sima and Talha Tariq, among others.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Rishiraj Sharma, and Chief Operating Officer Andy Cao, ProjectDiscovery is a distributed, open source-powered security company specializing in preemptive identification of new, exploitable vulnerabilities and misconfigurations. Its cloud platform integrates asset management, vulnerability detection, and cloud security tooling with remediation capabilities to offer an end-to-end solution that continuously secures enterprises’ external perimeters and prioritizes protection against attackers over auditors.
At the same time, the company announced the launch of its ProjectDiscovery Cloud Platform, a fully-managed SaaS platform built on top of its most popular open source tools to enable enterprises to discover and remediate vulnerabilities at scale.
The new platform includes features designed to:
- Streamline enterprises’ ability to run ProjectDiscovery tools at scale;
- Further enhance the efficiency of the modular open-source tools through automated connection functionality; and
- Provide enterprise requirements such as an enhanced UI, integrations, reporting and support for all security requirements.