Bugcrowd raises $102 million from General Catalyst, others

Bugcrowd, a 12-year-old crowdsourced cybersecurity startup, has raised $102 million in Series E funding that will help it boost staff to expand internationally and finance potential acquisitions, its chief executive told Reuters.

General Catalyst led the funding round, with participation from existing investors Rally Ventures and Costanoa Ventures. The company, which was founded in Australia in 2012 but is now headquartered in both San Francisco and Sydney, declined to disclose its valuation.