Bugcrowd Hires David Castignola as Chief Revenue Officer

Enterprise Security Magazine | Friday, October 16, 2020

Bugcrowd has appointed David Castignola as Chief Revenue Officer (CRO).

FREMONT, CA: Bugcrowd, the crowdsourced cybersecurity platform, announces today the appointment of David Castignola as the Chief Revenue Officer (CRO). Castignola’s appointment is a vital part of Bugcrowd’s larger strategy to help the customers address broader security challenges throughout the security lifecycle from a single crowdsourced security platform. As CRO, Castignola is going to be responsible for Bugcrowd’s overall revenue generation engine, overseeing its global sales and partner channel teams. Castignola will directly report to Ashish Gupta, CEO of Bugcrowd.

“David brings a unique combination of cybersecurity and CRO expertise to this role, he will play a vital role in further accelerating our growth, expanding our ecosystem and ensuring customers build strong security postures,” says Gupta. “We are thrilled to bring him on board as we expand the Bugcrowd platform and add new products that address a broader spectrum of security use cases and enable channel partners to seamlessly deliver compelling value-added solutions for vulnerability identification and remediation.”

Castignola joins Bugcrowd after an exceptional growth in the second quarter of the fiscal year 2021, driven by a 133 percent increase in bookings in its international segment and an increase of more than 50 percent in international customers despite the downturn brought on by COVID-19. The company also saw 49 percent growth in the number of MVP researchers, more than a 60 percent jump in programs under management, and reported 86 percent more critical vulnerabilities than the same period last year.

“The Bugcrowd team has done a commendable job growing the business to where it is today, and I look forward to playing a key role in accelerating that growth and expanding and diversifying the company’s go-to-market strategy,” says Castignola. “Cybersecurity is at an inflection point. Today’s chief information security officers are facing an exponential increase in threat actors and attack vectors, while also facing a tremendous shortage of skilled labor to keep their organizations safe. Bugcrowd helps companies to address this seemingly intractable challenge by giving priority access to a global marketplace of on-demand, highly specialized cybersecurity experts--all from a single, intelligent platform. I am excited to work with Bugcrowd’s current and future customers and partners to accelerate the adoption of crowdsourced security and keep our digitally connected world safe.”