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ProjectDiscovery develops cybersecurity solutions, evolving from popular open-source tools like Nuclei. Their platforms address limitations in traditional security, such as high false-positive rates and rigid configurations. Current offerings include Neo, an AI security copilot, enabling organizations to proactively identify and remediate vulnerabilities collaboratively.
The company was founded by four cybersecurity engineers, including CEO Rishiraj Sharma, recognizing a critical need for modern, accessible security tools. Initial open-source projects fostered a robust community. This collaborative foundation propelled ProjectDiscovery into a full-time operational company in January 2021.
ProjectDiscovery serves security researchers and organizations seeking streamlined vulnerability management. Its mission is to democratize cybersecurity, making sophisticated detection and remediation universally accessible. They simplify identifying and fixing weaknesses, fostering a transparent, collaborative security landscape for a more secure, innovative future.
ProjectDiscovery has raised $27.0M across 2 funding rounds.
ProjectDiscovery has raised $27.0M in total across 2 funding rounds.
ProjectDiscovery is an open-source-powered cybersecurity company that builds tools and a cloud platform for vulnerability management, detection, and remediation. It serves security engineers, developers, and enterprises by automating asset discovery, scanning for exploitable vulnerabilities (beyond just CVEs), prioritization based on real-world context, and remediation workflows, solving the problems of false positives, slow triage, legacy tool limitations, and expanding attack surfaces in cloud and web environments.[1][3][5] With over 100K GitHub stars, 11,000+ detection templates, and 50M+ monthly scans, the company has shown strong growth, raising $30M total (including a $25M Series A in 2023), launching its SaaS Cloud Platform, and attracting 3,000+ beta users, positioning it as a leader in community-driven security.[1][2][3]
ProjectDiscovery was founded in 2020 by four cybersecurity engineers, including Co-Founder and CEO Rishiraj Sharma, who identified gaps in legacy tools for automating asset discovery and vulnerability scanning amid evolving attack surfaces.[1][2][3] The idea emerged from building open-source tools like Nuclei (vulnerability scanner), httpx, and subfinder to address false positives, lack of customization, and remediation challenges, fostering a collaborative community of 900+ Nuclei contributors and 10K+ templates.[3][5] After seed funding from investors like Lightspeed and SignalFire, the team went full-time in January 2021, growing to 35 remote members across 10+ countries while maintaining a focus on democratizing security through open-source innovation.[3][6][8]
ProjectDiscovery rides the wave of modern cloud-native security demands, where expanding attack surfaces from APIs, web apps, and third-party services outpace traditional CVE-focused scanners reliant on slow vendor updates and static CVSS scores.[1][5] Its timing aligns with surging needs for preemptive, community-driven tools amid rising exploits and misconfigurations, amplified by remote work and hybrid clouds—evidenced by its fast-growing open-source ecosystem and beta demand.[1][3] Market forces like regulatory pressures (e.g., audit compliance) and attacker speed favor its real-time, actionable approach, influencing the ecosystem by empowering researchers, reducing tool sprawl for SecOps teams, and setting a model for open-source commercialization in cybersecurity.[1][5][7]
ProjectDiscovery is poised to expand its Cloud Platform with deeper AI-driven prioritization, broader integrations, and global enterprise adoption, leveraging its 100K+ community for unmatched threat intelligence speed. Trends like zero-trust architectures, automated SecOps, and real-time monitoring will propel it, potentially capturing more of the $10B+ vulnerability management market as false-positive fatigue drives shifts from incumbents. Its influence may evolve from open-source pioneer to category leader, continuously securing perimeters while inspiring collaborative security models—democratizing protection just as its founders envisioned.[1][3][5]
ProjectDiscovery has raised $27.0M across 2 funding rounds. Most recently, it raised $25.0M Series A in August 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Aug 1, 2023 | $25M Series A | CRV | Atomico, BLU Venture Investors, Cedar Capital Group, Coatue, Creandum, Cyberstarts VC, Decibel Partners, General Catalyst, Gradient Ventures, Kfund, LGF, Lobby Capital, Point Nine Capital, Rain Capital, Sequoia Capital, SignalFire, Sweater Ventures, Webb Investment Network, Adam Gross, Dylan Field, Frederic Kerrest, Oliver Friedrichs, Guillermo Rauch, Caleb Sima, Talha Tariq, Accel, Lightspeed Venture Partners, Mango Capital, Point72 | Announced |
| Feb 1, 2021 | $2M Seed | — | General Catalyst, Lobby Capital, Preston Werner Ventures, SignalFire, Vertex Ventures, Webb Investment Network, Adam Gross, Frederic Kerrest, Hanno Renner | Announced |
ProjectDiscovery has raised $27.0M in total across 2 funding rounds.
ProjectDiscovery's investors include CRV, Atomico, Blu Venture Investors, Cedar Capital Group, Coatue, Creandum, Cyberstarts VC, Decibel Partners, General Catalyst, Gradient Ventures, KFund, LGF.
