Halcyon, a cyber resilience platform, has scored $50m in a Series A funding round headed by investor SYN Ventures.
Also taking part in the round was Dell Technologies Capital, Corner Ventures and a range of other strategic investors.
Halcyon claims it is the first solution designed specifically to defeat ransomware, with tools for preventing initial intrusion, disrupting attacks in progress, and immediately reversing the effects of ransomware in the event of a successful attack.
The company claims it takes a ‘multi-tiered approach’ to defeating ransomware. It claims this consists of pre-execution ransomware prevention, exploitation of ransomware features, advanced ransomware behaviour detections and endpoint and network resiliency.
Halcyon remarked that it will use the funding to accelerate the development and adoption of the Halcyon cyber resilience platform, the first of its kind designed from day-one to defeat ransomware and extortion campaigns.
Jon Miller – CEO and co-founder of Halcyon – said, “When setting out to build Halcyon, we started with the premise that all cybersecurity solutions are inevitably bypassed. We engineered Halcyon to embrace failure as a core concept of protection.
“Stopping ransomware requires multiple prevention and detection techniques, all trained extensively on years of actual ransomware attacks. This funding positions us to rapidly scale our mission of making ransomware unprofitable and enable resilient enterprises around the world.”
Elsewhere in the CyberTech space, cybersecurity platform Coro recently pulled in $75m from its latest funding raise to bring its total funding over the last year to $155m.
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