Huntress, a pioneering force in cybersecurity for small businesses to small enterprises and the service providers that support them, has announced a significant milestone with the closure of a $150m Series D funding round.
The round was led by Kleiner Perkins, Meritech Capital, and existing investor Sapphire Ventures.
The $150m raised in this latest round more than doubles Huntress’ valuation beyond $1.5bn. This substantial investment will be used to power cutting-edge endpoint, identity, cloud, and SaaS security research, alongside strategic acquisitions, reinforcing Huntress’ commitment to fortify the critical businesses that comprise the backbone of the global economy.
Huntress specialises in providing advanced cybersecurity solutions to small businesses and the service providers that support them. Their highly demanded Huntress Managed Security Platform is continuously evolving with fully autonomous capabilities. This platform combines endpoint detection and response, identity threat detection and response, security awareness training, and a soon-to-be-released SIEM, all supported by a world-class Security Operations Center (SOC).
With the new funding, Huntress aims to build and acquire disruptive new products, further strengthen its mission to protect the most vulnerable companies, and fuel its go-to-market engine to reach this underserved and under-protected market before cybercriminals do.
Huntress CEO and Co-Founder Kyle Hanslovan said, “Everyone deserves the ability to protect themselves and their employees’ livelihoods. This is the ‘why’ that supercharges my team to work around the clock and democratize access to the tools and talent typically built for the enterprise. I’m pumped to double-down with Sapphire and add two high-caliber firms, Kleiner Perkins and Meritech Capital, to the fight, as this capital will directly help us continue wrecking hackers and elevating the world’s critical businesses and their managed service provider allies.”
The new investment follows years of meteoric growth for Huntress, which has seen over 70% year-over-year revenue growth for the past two years. The company has also been voted the industry leader in endpoint detection and response for the 8th consecutive season and the industry leader in managed detection and response by customers in G2 rankings earlier this year. These achievements highlight Huntress’ impressive trajectory as it approaches $100m in annual recurring revenue and protects nearly 3.5 million endpoints and identities.
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
