First Hacker-Powered Intelligence Platform Secures $21.25 Million In Funding Led By Microsoft And HP

By   ISBuzz Team
Writer , Information Security Buzz | Apr 11, 2017 09:25 pm PST

Today, hacker-powered cybersecurity pioneer Synack is announcing that it raised $21.25 million in a Series C round of funding led by Microsoft Ventures. The Series C financing also included investments from new investors Hewlett Packard Enterprise and Singtel Innov8.

These technology giants are backing Synack to flip how organisations approach security — going from defence to offence — as they expand in the European market.

Whilst working at the NSA, Synack co-founders Jay Kaplan and Mark Kuhr quickly realised that software can’t stop hackers, only humans can — inspiring Synack’s global army of hackers and part-man/part-machine technology platform (used by F500s, the IRS + the DOD).

“The best defence is a good offence. Businesses can only stay one step ahead of the adversary by beating them at their own game,” said Jay Kaplan, CEO and co-founder of Synack. “Bringing Microsoft Ventures, HP and Singtel on board highlights their ongoing investment in security for their products and customers. We have a shared vision for the future of cybersecurity and see a huge opportunity for alignment in platform development and scaling channels to market.”

Today’s most competitive organisations know exactly how critical it is to have high quality security at the core of every technology and business. Having these tech industry giants invest in Synack’s innovative platform is another commitment to helping organisations around the world determine how exploitable they are from a cyber-attack.