CyberTech platform Halborn raises $90m in funding

Halborn, a cybersecurity platform for traditional finance and blockchain-based companies, has completed a $90m funding round.

The investment was led by Summit Partners, a Boston-based private equity firm.

Founded in 2019, Halborn aims to secure the blockchain and protect users against data and monetary losses. It offers a suite of products and services that identify and close vulnerabilities in Web3 applications, helping to create the security standards that the market currently lacks.

Its current client base includes Layer 1 blockchains, infrastructure providers, financial institutions, and application and game developers.

Halborn offers security advisory services, with its technology continuously assessing an organisation’s vital assets, boosting automation and offering support. Its features include code audits, API pan-testing, technical security compliance, blockchain protocol security assessment, web-application pen-testing, and more.

Summit Partners previously joined the $277m growth funding round of subscription management platform ReCharge. The Californian company helps merchants of all sizes process bills and payments.

There have been several CyberTech companies to closed funding rounds this week. UK-based Push Security nabbed $4m for its seed funding round. The company helps companies adopt SaaS solutions and maintain cybersecurity standards.

Another recent CyberTech story was that Huntress, a detection and response platform, acquired security awareness training startup Curricula in a $22m deal.

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.