Horizon Technology Finance Corporation, a Monroe Capital affiliate and specialty lender to venture-backed technology businesses, has extended a delayed draw senior credit facility of up to $25m to Stellar Cyber, an AI-native cybersecurity platform provider, to fund its continued expansion.
The facility will be used to accelerate development of Stellar Cyber’s AI-driven platform, broaden its go-to-market activities, and strengthen the open, unified security operations capabilities it delivers to managed security service providers (MSSPs) and enterprise security teams.
Stellar Cyber’s platform is purpose-built to serve MSSPs and enterprise security teams, bringing together security information and event management (SIEM), network detection and response, identity threat detection, and multi-layer AI into a single environment.
The platform offers more than 500 out-of-the-box integrations with third-party security tools and, through its MSSP partners, supports over 14,000 organisations across more than 50 countries. The company counts Highland Capital Partners, Susquehanna Ventures and Valley Capital Partners among its backers.
Horizon CIO Paul Seitz said, “Deploying growth capital to innovative, high-growth companies with proven market momentum and a clear path to scale is a core focus of Horizon’s venture lending platform.
“Our financing solutions are designed to support leading technology and growth businesses as they expand and execute on their strategic objectives. We look forward to continuing to partner with exceptional management teams across the innovation economy.”
Stellar Cyber co-founder and CEO Changming Liu said, “Horizon’s deep capabilities in venture lending and their partnership approach made them a natural fit for Stellar Cyber at this stage of our growth.
“This credit facility will allow us to accelerate our AI-driven platform development, expand our go-to-market reach, and continue delivering the open, unified security operations capabilities on which MSSPs and enterprise security teams depend.”
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