HackerOne Valuation, Funding & Investors
HackerOne is valued at $115M as of June 2015.
Last HackerOne valuation
$115M
Series B · Jun 2015
Last HackerOne funding round
$49M
Series E · Jan 2022
Cumulative funding HackerOne raised
$159M
across 5 funding rounds
Key investors in HackerOne
Benchmark
New Enterprise Associates
Dragoneer
Valor Equity Partners
EQT Ventures
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Marc Benioff
About HackerOne
HackerOne is a San Francisco-headquartered cybersecurity platform specializing in continuous threat exposure management through bug bounties, vulnerability disclosure, and AI-powered pentesting. The platform connects enterprises with a community of over 2 million security researchers to identify exposures in code, cloud, and AI systems. Clients such as Uber, General Motors, Goldman Sachs, and the U.S. Department of Defense rely on its services for risk reduction. Founded in 2012, HackerOne earned recognition in Gartner's AI Cybersecurity Ecosystem report.
Founded
2012
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Services, Subscription
Valuation
$115M (Jun 2015)
HackerOne Valuation
HackerOne is currently valued at $115M, based on its Series B in June 2015.
The $25M round was led by New Enterprise Associates, with participation from David O. Sacks, Jeremy Stoppelman, Brandon Beck, Nicolas Berggruen, Benchmark and 3 other investors.
HackerOne valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2015 | Series B | $115M |
HackerOne Funding History
HackerOne has raised a total of $159M across 5 funding rounds.
HackerOne's first fundraising round was a $9M Series A in May 2014. The most recent completed round was a $49M Series E in January 2022.
HackerOne funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jan 2022 | Series E | GP Bullhound (lead); Dragoneer; New Enterprise Associates; Benchmark; Valor Equity Partners | $49M | - | HackerOne is the world's most trusted hacker-powered security platform, providing organizations access to the largest community of ethical hackers for bug bounty and vulnerability disclosure programs. It offers a robust database of vulnerability trends and industry benchmarks, helping customers identify and remediate high or critical-severity vulnerabilities. In 2021, its customers saw a 97% increase in reports for misconfigurations, and the hacker community identified over 17,000 such vulnerabilities. The platform has facilitated over $230 million in total bug bounties paid out since inception, with 22 hackers earning over $1 million each as of recent updates. On January 27, 2022, HackerOne raised $49 million in a Series E funding round led by GP Bullhound, with participation from existing investors Benchmark, Dragoneer Investment Group, New Enterprise Associates (NEA), and Valor Equity Partners. This brought the company's total funding to nearly $160 million across multiple rounds. The proceeds are earmarked for research and development investments as well as expanding go-to-market operations to fuel accelerating growth amid rising cyberattacks like Log4j, ransomware, and nation-state threats. HackerOne positions itself as a category leader in ethical hacking security, revolutionizing breach risk reduction by leveraging proprietary software and the global hacker community. CEO Marten Mickos emphasized its unique ability to close the protection gap for digital assets. GP Bullhound's Managing Partner Per Roman highlighted its unmatched service in preventing cyberattacks. The round underscores investor confidence in HackerOne's trajectory, with prior rounds including Series D in 2019 ($36.4M) and earlier investments from the same backers. |
| Sep 2019 | Series D | Valor Equity Partners (lead); Dragoneer; New Enterprise Associates; Benchmark; EQT Ventures | $36M | - | HackerOne is a leading hacker-powered security platform that connects organizations with ethical hackers to identify vulnerabilities and reduce cybersecurity risk. The company operates a bug bounty and penetration testing platform where organizations post security challenges and hackers earn bounties for finding and reporting vulnerabilities. HackerOne announced a $36.4M Series D funding round on September 8, 2019, led by Valor Equity Partners, bringing total funding to over $110M at that time. The round included participation from existing investors including Benchmark, New Enterprise Associates, and Valor Equity Partners. At the time of the announcement, HackerOne had amassed a community of over 500,000 ethical hackers across the platform and served more than 1,500 enterprise customers including recognizable names such as PayPal, Goldman Sachs, and the U.S. Department of Defense. During the 12-month period preceding the September 2019 announcement, HackerOne's customers resolved more than 30,541 security vulnerabilities, demonstrating significant platform traction. The company was experiencing remarkable growth with government programs increasing 214% year-over-year, and average bounty payouts for critical vulnerabilities had increased to $3,384, up 48% from the prior year, indicating growth in both platform activity and security researcher engagement. |
| Feb 2017 | Series C | Dragoneer (lead); New Enterprise Associates; Benchmark; EQT Ventures | $40M | - | HackerOne is a San Francisco-based bug bounty and vulnerability disclosure platform that connects organizations with white-hat hackers to identify and fix security flaws in software. The company announced a $40 million Series C funding round on February 8, 2017, led by Dragoneer Investment Group, with participation from existing investors Benchmark, New Enterprise Associates, and others, bringing total funding to $74 million. CEO Mårten Mickos noted the company did not urgently need capital but proceeded due to strong investor interest, with most of the prior $25 million raise still in the bank after operational efficiencies reduced spending and losses in 2016. The funds were earmarked for technology development, including AI for filtering submissions, expanding market reach, growing the customer base beyond 800 organizations like the U.S. Department of Defense, Twitter, and General Motors, and strengthening its community of over 100,000 hackers. By then, HackerOne had facilitated resolution of over 38,000 vulnerabilities across more than 700 customers, awarding $14 million in bug bounties lifetime, with $7 million paid out in 2016 alone. High-profile programs included Hack the Pentagon, which uncovered 138 vulnerabilities via 1,400 hackers. The company was not yet profitable but on improving financial footing, positioning for long-term growth toward a potential IPO. HackerOne's platform had gained traction with clients like Uber, Starbucks, Nintendo, and others, establishing bug bounties as mainstream in software security lifecycles. Later rounds included a 2019 Series D of $36.4 million led by Valor Equity Partners, reaching $110 million total funding. |
| Jun 2015 | Series B | New Enterprise Associates (lead); David O. Sacks; Jeremy Stoppelman; Brandon Beck; Nicolas Berggruen; Benchmark; Drew Houston; Marc Benioff; NaHCO3 | $25M | $115M | HackerOne is a bug bounty platform that connects companies with ethical hackers to identify and fix security vulnerabilities, taking a 20% cut on bounties paid out. In June 2015, it raised a $25 million Series B round led by New Enterprise Associates, with participation from investors including Benchmark, Brandon Beck, David O. Sacks, Drew Houston, Jeremy Stoppelman, Marc Benioff, NaHCO3, and Nicolas Berggruen, bringing total funding to $34 million. The round supported expansion of its hacker community and customer base, which at the time included over 250 clients such as Twitter, WordPress, Slack, Snapchat, Dropbox, Yahoo, Adobe, and Airbnb, with about 1,500 hackers who had helped fix nearly 10,000 bugs for over $3 million in total bounties. Staff had grown from 10 to 50 since the prior Series A round, and it added 25 new customers in the two weeks before the announcement. Later developments highlight growth: by 2016, over $14 million in bounties had been awarded ($7 million that year), resolving 38,000 vulnerabilities for 700+ customers, including government contracts like a $3 million DoD deal for Hack the U.S. Army. In 2019, a $36.4 million Series D brought total funding to over $110 million amid expanding government programs (up 214%) and 30,541 vulnerabilities resolved in 12 months. Hacker payouts reached milestones like $100 million total by around 2020 and $300 million all-time by 2023, with a large hacker community (over 750,000 by 2020). |
| May 2014 | Series A | Benchmark (lead) | $9M | - | HackerOne raised $9 million in its Series A funding round on May 29, 2014, led by Benchmark, with Bill Gurley joining the board. The platform enables organizations to run bug bounty programs, connecting them with security researchers to identify vulnerabilities. HackerOne takes 20 percent of bounty payments made through its service. The funding supported public announcement and expansion of bug bounty services, building on experiences from pioneers like Google, Facebook, and Microsoft. Co-founders include Alex Rice, former head of Facebook's security team, and Merijn Terheggen as CEO, with Katie Moussouris joining as Chief Policy Officer. |
Who has invested in HackerOne?
13 investors have backed HackerOne across its funding rounds, including Benchmark, New Enterprise Associates, Dragoneer, Valor Equity Partners, EQT Ventures and Marc Benioff.
Lead investors include GP Bullhound, Valor Equity Partners, Dragoneer, New Enterprise Associates and Benchmark.
HackerOne Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 5 | Lead | May 2014 | |
| San Francisco, CA | 4 | Lead | Jun 2015 | |
| San Francisco, CA | 3 | Lead | Feb 2017 | |
| Chicago, IL | 2 | Lead | Sep 2019 | |
 Stockholm | 2 | Participant | Feb 2017 | |
| David O. Sacks | San Francisco, CA | 1 | Participant | Jun 2015 |
| Jeremy Stoppelman | San Francisco, CA | 1 | Participant | Jun 2015 |
| Brandon Beck | Los Angeles, CA | 1 | Participant | Jun 2015 |
| Los Angeles, CA | 1 | Participant | Jun 2015 | |
| Drew Houston | United States | 1 | Participant | Jun 2015 |
 London | 1 | Lead | Jan 2022 | |
This data is available for Pro users. Sign up to see all 13 HackerOne investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by HackerOne
HackerOne has acquired 2 companies to date.
Last acquisition by HackerOne was on April 27th 2022. HackerOne acquired PullRequest for undisclosed valuation.
Latest Acquisitions by HackerOne
| Description | PullRequest is an automated code review service combining static analysis with expert human reviewers. Development teams submit pull requests for checks on security, performance, and best practices across JavaScript, Python, Java, and other languages. Austin-headquartered with offices in the San Francisco Bay Area, the company launched in May 2017 through Y Combinator's S17 batch and supports enterprises like Atlassian and GitLab. | Breaker 101 is an interactive online course platform teaching web security fundamentals to aspiring ethical hackers. Lessons feature narrated slide decks paired with hands-on exercises covering vulnerabilities, exploitation techniques, and defense strategies. Developed by security expert Cody Brocious, the program equips participants with practical skills for professional roles in cybersecurity. Hosted on breaker101.com, it emphasizes real-world tools and scenarios used in penetration testing and secure coding practices. |
| HQ Country | | |
| HQ City | Austin, TX | Denver, CO |
| Deal Date | 27 Apr 2022 | 24 Jan 2018 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all HackerOne acquisitions and their M&A valuation multiples. Start Free Trial | ||
Investments by HackerOne
HackerOne has invested in 1 company to date.
Latest investment by HackerOne was on December 10th 2024. HackerOne invested in Wald.ai in their $4M Seed round.
Latest Investments by HackerOne
| Description | - |
| HQ Country | |
| HQ City | - |
| Deal Date | 10 Dec 2024 |
| Round | Seed |
| Raised | $4M |
| Investors | Entrada Ventures; Inventus Capital Partners; Fortinet; Palo Alto Networks |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all HackerOne investments and their VC round multiples. Start Free Trial | |
HackerOne Competitors
HackerOne competitors include listed companies like Aeternal Mentis and Pluszero, and private ones like Fable, Reken, BforeAI and BOTS.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $120M | - | |
| San Francisco, CA | Private | - | - | $125M | - | |
| New York City, NY | Private | $2M | - | $100M | - | |
 Haarlem | Private | - | - | $119M | - | |
 Spain | Publicly listed | $278K | ($346K) | $125M | - | |
 Japan | Publicly listed | $10M | $4M | $96M | 7.4x |
HackerOne Public Comps
HackerOne is still privately-owned, but its public comps include Digimarc, TAC Infosec, Enea, Aeternal Mentis, RTB Digital (Roundtable), Cyber Security Cloud, Aton Inc, Spectra Systems, Intercede Group and Ivalue Infosolutions.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $34M | ($25M) | 3.4x | 3.9x | (4.7x) | - | |||
| $6M | $3M | 18.2x | - | 34.5x | - | |||
| $92M | $22M | 1.6x | 1.5x | 6.8x | 5.2x | |||
| $278K | ($346K) | 454.4x | - | (365.1x) | - | |||
| $11M | ($13M) | 11.6x | - | (9.7x) | - | |||
| $33M | $8M | 3.2x | 3.2x | 13.1x | - | |||
| $49M | $4M | 2.3x | - | 27.9x | - | |||
| $64M | $30M | 1.5x | 1.5x | 3.2x | - | |||
This data is available for Pro users. Sign up to see all HackerOne competitors and their valuation data. Start Free Trial | ||||||||
Common questions about HackerOne
| When was HackerOne founded? | HackerOne was founded in 2012. |
| Where is HackerOne headquartered? | HackerOne is headquartered in San Francisco, CA, United States. |
| Is HackerOne publicly listed? | No, HackerOne is a private, VC-backed company. |
| What is HackerOne's valuation? | HackerOne was last valued at $115M in its Series B in June 2015. |
| How much funding has HackerOne raised? | HackerOne has raised $159M across 5 funding rounds. |
| What was HackerOne's last funding round? | HackerOne's last funding round was a $49M Series E in January 2022, led by GP Bullhound. |
| Who are HackerOne's investors? | HackerOne's investors include Benchmark, New Enterprise Associates, Dragoneer, Valor Equity Partners, EQT Ventures, David O. Sacks, Jeremy Stoppelman, Brandon Beck, Nicolas Berggruen, Drew Houston and 3 others. |
| Which companies are comparable to HackerOne? | Companies comparable to HackerOne include Fable, Reken, BforeAI, BOTS, Aeternal Mentis and Pluszero. |
| How many companies has HackerOne acquired? | HackerOne has acquired 2 companies, including PullRequest and Breaker 101. |
| How many companies has HackerOne invested in? | HackerOne has invested in 1 company, including Wald.ai. |
| What was HackerOne's last investment? | In December 2024, HackerOne invested in Wald.ai's $4M seed round alongside Entrada Ventures, Inventus Capital Partners, Fortinet and 1 other investor. |
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