Insurer-backed cybersecurity platform YesWeHack raises $18.8 million

Paris-based cybersecurity startup YesWeHack has closed an $18.8 million Series B funding round, bringing its total funding to $23 million.

Investors include Banque des Territoires and Eiffel Investment Group, as well as existing investors Normandie Participations and CNP Assurances .

Founded in 2015, the YesWeHack platform, which is operational in Europe and Singapore, connects organizations with over 25,000 ethical hackers in over 40 countries, helping them improve their security posture by finding vulnerabilities in their assets .

“We are grateful for the confidence shown by our existing investors Normandie Participations and CNP Assurances as well as our new partners. Our decision to get backing from Banque des Territoires and Eiffel Investment Group is motivated by their strong European roots. With this new investment, we are contributing to the growth of the cybersecurity sector, and bug bounty provides a disruptive approach in times of high demand.” – Guillaume Vassault-Houlière, CEO and co-founder of YesWeHack.