Bugcrowd raises $102 million from General Catalyst, others

Bugcrowd, a 12-year-old crowdsourced cybersecurity startup, has raised $102 million in Series E funding that will help it boost staff to expand internationally and finance potential acquisitions, its chief executive told Reuters. General Catalyst led the funding round, with participation from existing investors Rally Ventures and Costanoa Ventures. Bugcrowd is known for its bug bounty program which helps companies offer monetary rewards for spotting problems in their public-facing codes.