Bug bounty platforms
We list 14 companies active in bug bounty and crowdsourced testing, and 10 of them have it as their main focus. 2 are owned by another company and 12 are private. The most common bases are the United States (5), Belgium (1) and British Virgin Islands (1). The oldest, Bugcrowd, was founded in 2012.
Companies focused on bug bounty and crowdsourced testing
10 companies| Company | Based in | Founded | Size | Ownership |
|---|---|---|---|---|
Bugcrowd Crowdsourced bug bounty pioneer founded in 2012 by Casey Ellis, offering managed programs and crowd-powered penetration testing from hundreds of thousands of ethical hackers. | San Francisco, United States | 2012 | 201-500 staff | Private |
HackerOne World's largest ethical hacker platform with over one million researchers, offering bug bounties and structured penetration testing to the US DoD and Fortune 500. | San Francisco, United States | 2012 | 201-500 staff | Private |
hackrate Hackrate runs crowdsourced security testing and bug bounty programmes for companies. | Hungary | Private | ||
Immunefi Immunefi runs bug bounty programmes and security services for cryptocurrency and smart contract projects. | Singapore, Singapore | 2020 | Private | |
Intigriti Intigriti runs a crowdsourced security platform connecting organisations with ethical hackers for bug bounties and testing. | Antwerpen, Belgium | 2016 | Private | |
Sherlock Sherlock provides security audits and bug bounties for onchain systems and Web3 protocols. | Panama City, Panama | 2021 | Private | |
Zerocopter Zerocopter provides security testing services including pentesting, bug bounty, and vulnerability disclosure. | Groningen, Netherlands | Private | ||
HackenProof HackenProof runs a bug bounty and crowdsourced audit platform for blockchain and crypto projects. | Tallinn, Estonia | Private | ||
Standoff 365 Standoff 365 runs bug bounty and cyber stress testing programmes with ethical hackers. | Russia | 2016 | Owned by Positive Technologies | |
YesWeHack YesWeHack runs a bug bounty platform connecting organisations with ethical hackers. | Paris, France | Private |
Also active in bug bounty and crowdsourced testing
4 companies| Company | Based in | Founded | Size | Ownership |
|---|---|---|---|---|
Synack FedRAMP-authorized crowdsourced penetration testing platform combining the vetted SRT researcher community with AI-powered Hydra technology for continuous security testing. | Redwood City, United States | 2013 | 201-500 staff | Part of NetSPI |
Hexens Hexens audits smart contracts and provides offensive security for blockchain and Web3 projects. | Road Town, British Virgin Islands | 2021 | Private | |
ProjectDiscovery ProjectDiscovery builds open-source security tools and infrastructure for mapping, probing, crawling, and detecting vulnerabilities. | San Francisco, United States | 2020 | Private | |
Cantina Cantina provides an agentic security platform that uses autonomous AI agents to detect, respond to, and fix security issues. | Miami, United States | Private |
Recent deals in bug bounty and crowdsourced testing
All bug bounty and crowdsourced testing deals| Date | Deal | Amount | Source |
|---|---|---|---|
| September 2026 | NetSPI acquired SynackSource for NetSPI buying Synack, opens in a new tab | Undisclosed | Source for NetSPI buying Synack, opens in a new tab |
| November 2025 | Bugcrowd acquired Mayhem SecuritySource for Bugcrowd buying Mayhem Security, opens in a new tab | Undisclosed | Source for Bugcrowd buying Mayhem Security, opens in a new tab |
| May 2024 | Bugcrowd acquired InformerSource for Bugcrowd buying Informer, opens in a new tab | Undisclosed | Source for Bugcrowd buying Informer, opens in a new tab |
| April 2022 | HackerOne acquired PullRequestSource for HackerOne buying PullRequest, opens in a new tab | Undisclosed | Source for HackerOne buying PullRequest, opens in a new tab |
Acquisitions come from SecurityWeek's monthly M&A round-ups from 2021 onwards, from Cybersecurity Ventures' quarterly M&A reports for 2020, and a few from Wikipedia lists. These are dated to the month. A few deals added from the news are dated to the day. Smaller deals may be missing. Amounts are in US dollars.
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