HackerOne

HackerOne
Private
Industry Cybersecurity
Founded 2012
Founders Michiel Prins, Jobert Abma, Alex Rice and Merijn Terheggen
Headquarters San Francisco, California
Key people
 Mårten Mickos (CEO)
Website hackerone.com

HackerOne is a vulnerability disclosure company based in San Francisco, California, which established a bug bounty platform that connects businesses with security researches.[1][2] The company has an additional office located in the Netherlands and its clients include companies such as Twitter, Slack, Adobe, Yahoo, LinkedIn and Airbnb.[1] HackerOne is one of the first companies to embrace and utilize hackers as part of its business model.[2][3]

History

In 2011, Jobert Abma, Michiel Prins, and Merijn Terheggen attempted to find vulnerabilities in 100 high-tech companies.[1] They found security vulnerabilities in Facebook, Google, Apple, Microsoft, Twitter and 95 other companies' systems.[1] Abma, Prins, and Terheggen met Alex Rice, Facebook's head of product security, after notifying the company that its system had a software vulnerability.[1] They founded HackerOne in 2012.[4] In November 2013, the company announced that it would host the Internet Bug Bounty project, a program encouraging the discovery and disclosure of internet bugs, funded by Microsoft and Facebook.[5]

In May 2014, HackerOne received $9 million in Series A funding from Benchmark.[6][7] Bill Gurley, Benchmark's general partner, joined HackerOne's board of directors as part of the deal.[6] John Hering, executive chairman of Lookout, joined the board of directors as well. Additionally, the company hired Katie Moussouris, former Microsoft lead security strategist, as Chief Policy Officer.[8][9] In 2015, HackerOne opened an office in the Netherlands on the campus of The Hague Security Delta (HSD), known as the European cyber security capital.[10]

The company announced a $25 million Series B funding round in June 2015.[2][3][11] The round was led by New Enterprise Associates and included investments from Marc Benioff, Yuri Milner, Drew Houston, Jeremy Stoppelman, David Sacks, Brandon Beck and Nicolas Berggruen.[4][12] Following the funding round, New Enterprise Associates' general partner Jon Sakoda joined HackerOne's board of directors.[3]

Operations

HackerOne develops a vulnerability coordination and bug bounty platform.[13] Companies pay hackers through the platform as a reward for identifying vulnerabilities in their systems and products.[14] The platform enables secure intelligence report sharing, payment and a reputation system for hackers.[13] By June 2015, HackerOne's platform identified approximately 10,000 vulnerabilities and paid hackers over $3 million.[4][15] At that time, the company's network of 1,500 hackers spans 150 countries.[3][15]

References

  1. 1 2 3 4 5 "HackerOne Connects Hackers With Companies, and Hopes for a Win-Win". New York Times. June 7, 2015. Retrieved October 28, 2015.
  2. 1 2 3 "HackerOne raises $25 million in vulnerability management push". ZDNet. June 24, 2015. Retrieved October 28, 2015.
  3. 1 2 3 4 "HackerOne, a computer bug bounty firm, raises $25 million". Fortune. June 24, 2015. Retrieved October 28, 2015.
  4. 1 2 3 "HackerOne Bags $25M As Security Info Sharing Mainstreams". TechCrunch. June 24, 2015. Retrieved October 28, 2015.
  5. ↑ "HackerOne Lands $25 Million to Grow Bug Hunting Business". Security Week. June 24, 2015. Retrieved October 28, 2015.
  6. 1 2 "HackerOne Get $9M In Series A Funding To Build Bug Tracking Bounty Programs". TechCrunch. May 28, 2014. Retrieved October 28, 2015.
  7. ↑ "HackerOne lands $9 million to aid in its bug-disclosure program". Gigaom. May 28, 2014. Retrieved October 28, 2015.
  8. ↑ Dennis Fisher (May 28, 2014). "HackerOne Bug Bounty Platform Lands Top Microsoft Security Expert". ThreatPost. Retrieved October 28, 2015.
  9. ↑ Eduard Kovacs (May 29, 2014). "HackerOne Secures $9 Million, Appoints Katie Moussouris Chief Policy Officer". Security Week. Retrieved October 28, 2015.
  10. ↑ "Startup HackerOne, a valuable asset to The Hague". Innovation Quarter. December 7, 2015. Retrieved December 9, 2015.
  11. ↑ "The Daily Startup: HackerOne Secures $25 Million in Series B Funding". Wall Street Journal. June 24, 2015. Retrieved October 28, 2015.
  12. ↑ "HackerOne raises $25M to make the Internet safer via bug bounty programs". VentureBeat. June 24, 2015. Retrieved October 28, 2015.
  13. 1 2 "NEA Leads HackerOne's $25M Star-Studded Series B Round". June 24, 2015. Retrieved October 28, 2015.
  14. ↑ "When It's A Good Idea To Invite An Army Of Hackers To Attack You". Forbes. September 10, 2014. Retrieved October 28, 2015.
  15. 1 2 "The Big Business of Smashing Bugs". Bloomberg. March 12, 2015. Retrieved October 28, 2015.
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