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San Francisco, CA – August 17, 2023 – ProjectDiscovery, the open supply powered safety firm that focuses on the detection of latest, exploitable vulnerabilities, in the present day introduced that it has raised $25 million in a Collection A financing spherical led by CRV, with participation from Point72 Ventures, SignalFire, Rain Capital, Mango Capital, Accel, Lightspeed, Guillermo Rauch, Caleb Sima and Talha Tariq, amongst others. On the identical time, the corporate introduced the launch of its ProjectDiscovery Cloud Platform, a fully-managed SaaS platform constructed on high of ProjectDiscovery’s hottest open supply instruments to allow enterprises to find and remediate vulnerabilities at scale.Rishiraj Sharma, Co-Founder and Chief Government Officer of ProjectDiscovery, mentioned, “Right now’s announcement of our $25 million Collection A from visionary enterprise agency CRV and our current traders, together with the launch of our ProjectDiscovery Cloud Platform, makes us higher positioned than ever to advance our mission of democratizing cybersecurity by leveraging the ability and pace of our proficient and enthusiastic open supply neighborhood.”Andy Cao, Chief Working Officer of ProjectDiscovery, mentioned, “ProjectDiscovery already stands as a rare success story in open-source cybersecurity. 1000’s of safety consultants from everywhere in the world have collaborated with us to construct a number of the strongest and trendy safety instruments in the marketplace. Our portfolio of open-source initiatives has gathered over 60k GitHub stars with +100k weekly downloads, and we rank as one of many quickest rising open supply cybersecurity firms. Nuclei, our core scanning engine, sees over 50 million scans every month from customers throughout 100 totally different nations. With this extra funding, we’re poised to construct out a world-class crew, launch a market-leading enterprise providing, and proceed to help our tens of millions of open-source customers. Our success in the present day is a direct results of our loyal neighborhood and our progress plans will allow us to present again to our neighborhood sustainably for a few years to return.”Reid Christian, Basic Associate of CRV, mentioned, “With cyberattacks and new vulnerabilities rising and evolving at an ever-accelerating price, it’s clear that conventional black-box approaches centered on compliance are ill-equipped to maintain tempo. With its new cloud platform, ProjectDiscovery has not solely launched a robust new resolution to the threats we’re seeing in the present day – they’ve created an entire new method that permits engineers from everywhere in the world to collaborate in actual time to diagnose and quickly remediate safety dangers as they emerge. ProjectDiscovery completely exemplifies the form of artistic, far-sighted innovation that CRV seeks to help, and we’re desperate to work with their crew to additional speed up the ProjectDiscovery progress story.”ProjectDiscovery Cloud PlatformProjectDiscovery was born out of a collaboration between 4 cybersecurity engineers who noticed a evident want for contemporary safety instruments that would automate asset discovery and vulnerability scanning to repeatedly detect new parts in a company’s evolving assault floor. Along side a passionate open-source neighborhood, they developed a collection of open supply options together with ProjectDiscovery’s unique Nuclei vulnerability scanner to allow anybody to find trending and exploitable vulnerabilities throughout internet functions, APIs, cloud environments and third-party functions.ProjectDiscovery Cloud Platform represents the corporate’s first business providing to carry all of ProjectDiscovery’s hottest open supply instruments to the enterprise in an easy-to-use, hosted platform. The brand new platform permits enterprises to handle property, uncover, and remediate vulnerabilities at scale, and repair cloud safety misconfigurations.The brand new platform consists of options designed to:Streamline enterprises’ means to run ProjectDiscovery instruments at scale;Additional improve the effectivity of ProjectDiscovery’s modular open-source instruments by automated connection performance; andProvide enterprise necessities equivalent to a sturdy UI, integrations, reporting and help for all safety necessities.Over 3,000 organizations and engineers registered for the ProjectDiscovery Cloud Platform beta, reflecting the highly effective engagement that has given ProjectDiscovery one of many quickest rising open-source communities within the cybersecurity business.Dr. Chenxi Wang, seed investor in ProjectDiscovery and Managing Basic Associate at Rain Capital, mentioned, “The open supply method has created profitable firms in DevOps and plenty of different areas, however successes within the cybersecurity area have been few and much between. With the open supply know-how, an energetic, fast-growing neighborhood, and an revolutionary method to vulnerability administration, ProjectDiscovery is in a singular place to carry open supply innovation to the enterprise. As a long-time investor in ProjectDiscovery, we’re extra excited than ever to assist this firm scale and lead the vulnerability-management-as-code motion.”About ProjectDiscoveryProjectDiscovery is a globally distributed startup on a mission to democratize cyber safety. We’re an open source-powered safety firm specializing in preemptive identification of latest, exploitable vulnerabilities and misconfigurations. Our cloud platform integrates asset administration, vulnerability detection, and cloud safety tooling with distinctive remediation capabilities to supply an end-to-end resolution that constantly secures enterprises’ exterior perimeters and prioritizes safety in opposition to attackers over auditors.About CRVCRV is a enterprise capital agency that invests in early-stage tech startups. Since 1970, the agency has invested in additional than 500 startups at their most vital levels, together with Airtable, DoorDash and Vercel. Founders want greater than capital to construct an amazing firm. It takes a associate who understands the entrepreneurial journey and is aware of what it takes to win. From founding to IPO and past, CRV is there each step of the best way. Founders depend on CRV to be trusted, long-term, dedicated companions, which has helped make CRV into one of many longest-running enterprise capital companies on the planet. Study extra about CRV and the businesses shaping the long run at https://www.crv.com.
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