Security News > 2020 > May > Synack raises $52M to transform security testing through its crowdsourced platform

Synack announced that it raised $52 million in Series D funding to transform security testing through its crowdsourced platform powered by the world's most skilled ethical hackers who work with proprietary Synack technology to accelerate the hunt for critical software vulnerabilities.

Synack augments their talents with continuous security monitoring technology that utilizes machine learning and AI to quickly and more efficiently root out vulnerabilities.

The investment will give Synack greater flexibility to invest in new products and offerings that can expand its crowdsourced cybersecurity model at a critical time when all organizations are relying on an increasingly remote workforce.

Premier investors B Capital Group and C5 Capital will partner with Synack to add value through its next stages of growth.

"The remote, crowdsourced model is incredibly vital for organizations to fast track security testing especially in the current environment. Synack's approach will become the default way for all organizations - regardless of their size - to test vulnerable digital assets. I am really excited to back the Synack team for a second time through B Capital."

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