Hunters catch $68m funding to bolster SecOps offering

Security operations center (SOC) platform Hunters has secured $68m from a Series C funding round headed by Stripes.

The round also saw participation from DTCP, Databricks, YL Ventures, Cisco Investments, U.S Venture Partners, Bessemer Venture Partners, Microsoft’s M12, Snowflake Ventures and Blumberg Capital.

Following this recent investment, Hunters has raised a total investment amount of $118m since inception.

Founded in 2018, Hunters has developed a SOC platform that aims to support security trams in automatically identifying and responding to incidents that matter across an entire attack surface. The product is meant to replace security information and event management products.

The company’s platform seeks to help teams overcome volume, complexity and false positives through built-in detection engineering, data correlation and automatic investigation.

Hunters stated that it currently has 110 employees worldwide but expects to more than double certain teams over the next year.

According to Hunters, it intends to use the money raised to improve its products and services, invest in talent and boost sales.

Hunters co-founder and CEO Uri May said, “The SIEM market is worth $4.3 billion and is ripe for disruption since it drives limited security outcomes for its customers. Players in this category focus on data ingestion and leave customers to build their own detection engineering and investigation capabilities or have significant gaps in scale and pricing models. Hunters was purpose built to help the overly stressed security teams mitigate real security incidents faster and more effectively.”

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