Startup that hosts bug bounty for Tesla, Fitbit raises $26mn

US-based bug bounty startup Bugcrowd has raised $26 million in a Series C funding round led by venture capital firm, Triangle Peak Partners. The company, whose client list includes Tesla and Fitbit, has run over 700 programs, which paid out over $12 million in bounties. The funding has privately valued the company at $115 million, according to software company PitchBook.

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