Bug bounty platform Immunefi raises $24M Series A led by Framework Ventures

Bug bounty platform Immunefi has raised $24 million in Series A funding led by Framework Ventures, with participation from Electric Capital, Polygon Ventures, Samsung Next, North Island Ventures, Third Prime Ventures, and Lattice Capital. Funding is planned to expand its team to meet growing demand for its services, and Immunefi currently employs around 50 people, which could double in the near future. Founded in December 2020 and headquartered in Singapore, Immunefi claims to have more than 300 customers, protect more than $100 billion in user funds, and offer $136 million in bounties to white hat hackers.