YesWeHack secures $38m Series C funding

The startup will invest the funds in AI, amongst others.

YesWeHack secured $38m (US$28m) in Series C funding, which it plans to invest in AI, new innovative solutions, and presence expansion.

The funding round, led by Wendel, included new investors Adelie and Seventure Partners and reinvestments from Bpifrance, Open CNP, and Eiffel Investment Group.

YesWeHack is a bug bounty platform providing ethical hacking services with around 30,000 ethical hackers in Asia who test customer security in an agile and cost-effective manner. Its Asia headquarters is in Singapore.

The platform has over 500 customers across 40 countries, including Louis Vuitton, Decathlon, and Tencent.

In addition, YesWeHack also welcomed Renaud Deraison, co-founder of Tenable and senior advisor to Wendel Growth, to its Board of Directors.