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ProjectDiscovery Publicizes $25M Sequence A Financing and Launch of Cloud Platform


San Francisco, CA – August 17, 2023 – ProjectDiscovery, the open supply powered safety firm that focuses on the detection of recent, exploitable vulnerabilities, right this moment introduced that it has raised $25 million in a Sequence 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 similar 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 Govt Officer of ProjectDiscovery, stated, “Immediately’s announcement of our $25 million Sequence A from visionary enterprise agency CRV and our present buyers, 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 velocity of our proficient and enthusiastic open supply neighborhood.”

Andy Cao, Chief Working Officer of ProjectDiscovery, stated, “ProjectDiscovery already stands as a rare success story in open-source cybersecurity. 1000’s of safety specialists from all around the world have collaborated with us to construct a few of the strongest and fashionable safety instruments available on the market. Our portfolio of open-source initiatives has accrued 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 staff, launch a market-leading enterprise providing, and proceed to help our hundreds of thousands of open-source customers. Our success right this moment is a direct results of our loyal neighborhood and our development plans will allow us to provide again to our neighborhood sustainably for a few years to return.”

Reid Christian, Basic Accomplice of CRV, stated, “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 strong new answer to the threats we’re seeing right this moment – they’ve created a complete new method that enables engineers from all around the world to collaborate in actual time to diagnose and quickly remediate safety dangers as they emerge. ProjectDiscovery completely exemplifies the form of inventive, far-sighted innovation that CRV seeks to help, and we’re desperate to work with their staff to additional speed up the ProjectDiscovery development story.”

ProjectDiscovery Cloud Platform

ProjectDiscovery 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 set of open supply options together with ProjectDiscovery’s unique Nuclei vulnerability scanner to allow anybody to find trending and exploitable vulnerabilities throughout net purposes, APIs, cloud environments and third-party purposes.

ProjectDiscovery Cloud Platform represents the corporate’s first business providing to convey 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 belongings, uncover, and remediate vulnerabilities at scale, and repair cloud safety misconfigurations.

The brand new platform contains options designed to:

  • Streamline enterprises’ capability to run ProjectDiscovery instruments at scale;
  • Additional improve the effectivity of ProjectDiscovery’s modular open-source instruments via automated connection performance; and
  • Present enterprise necessities corresponding 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 Accomplice at Rain Capital, stated, “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 novel place to convey 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 ProjectDiscovery

ProjectDiscovery 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 recent, exploitable vulnerabilities and misconfigurations. Our cloud platform integrates asset administration, vulnerability detection, and cloud safety tooling with distinctive remediation capabilities to offer an end-to-end answer that constantly secures enterprises’ exterior perimeters and prioritizes safety towards attackers over auditors.

About CRV

CRV 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 phases, together with Airtable, DoorDash and Vercel. Founders want greater than capital to construct an important firm. It takes a companion 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 corporations on this planet. Be taught extra about CRV and the businesses shaping the long run at https://www.crv.com.

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