Bugcrowd acquires Mayhem Security to enhance its cybersecurity offerings by integrating AI-driven security testing with a crowdsourced hacker community.

Target Information

Mayhem Security, established by Dr. David Brumley and Dr. Thanassis Avgerinos, is a leading innovator in AI offensive security. Founded in 2012, the company has made significant strides in transforming vulnerability detection and remediation through its advanced AI-driven platform. Mayhem Security gained recognition in 2016 by winning the DARPA Cyber Grand Challenge for its autonomous system capable of real-time software flaw discovery, diagnosis, and repair, earning them the first-ever DEF CON Black Badge awarded to a non-human competitor. Today, they offer solutions that deliver continuous security testing across APIs, code, and Software Bill of Materials (SBOM).

With an emphasis on automating the security testing process, Mayhem Security provides a suite of services including API Security, Code Security, Dynamic SBOM, and Reinforcement Learning. Their technology replaces cumbersome manual testing methods, allowing organizations to deploy secure software more rapidly and cost-effectively while ensuring compliance and enhancing overall security posture.

Industry Overview in the United States

The cybersecurity landscape in the United States continues to evolve rapidly as organizations grapple with increasingly sophisticated attacks and expanding digital footprints. The growing reliance on software applications, coupled with the proliferat