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Huntress has secured $150M in Series D funding to enhance its cybersecurity solutions for small and medium-sized businesses, focusing on endpoint, identity, cloud, and SaaS security. This investment, led by Kleiner Perkins, Meritech Capital, and Sapphire Ventures, will support product development, strategic acquisitions, and further expansion. Huntress aims to protect SMBs, which constitute 99% of all businesses, by providing advanced security tools and expert-led services.
The Cybersecurity Landscape: Why Huntress Matters
Cybercrime is an escalating threat, with global incidents increasing in both frequency and sophistication. Small and medium-sized businesses (SMBs) are particularly vulnerable due to limited resources for robust cybersecurity measures. Huntress addresses this critical need by focusing on SMBs and the service providers that support them, delivering comprehensive cybersecurity solutions to protect these essential yet often underserved sectors.
A Major Financial Boost: $150M Series D Funding
Huntress recently closed a $150 million Series D funding round, led by prominent investors Kleiner Perkins, Meritech Capital, and Sapphire Ventures. This substantial financial infusion more than doubles Huntress’ valuation, pushing it beyond $1.5 billion. The investment underscores the confidence in Huntress’ ability to significantly impact the cybersecurity landscape, especially for SMBs.
Transformative Impact of the Investment
The $150M investment will enable Huntress to develop advanced security products and enhance existing ones. Key focus areas include endpoint security, identity protection, cloud security, and SaaS security research. Additionally, the funding will support strategic acquisitions that will further bolster Huntress’ technological capabilities and market reach.
Innovating Cybersecurity: New Products and Enhancements
Huntress is continually advancing its Managed Security Platform, introducing new features and capabilities. The platform will see enhancements such as fully autonomous threat detection and response. These improvements will strengthen endpoint detection and response (EDR), identity threat detection, and security awareness training, ensuring that businesses are equipped with state-of-the-art defenses against cyber threats.
Protecting the Backbone of the Global Economy
Small and medium-sized businesses are the backbone of the global economy, representing 99% of all companies worldwide. Huntress is committed to securing these vital enterprises by democratizing access to critical cybersecurity tools typically reserved for larger organizations. CEO Kyle Hanslovan emphasizes the importance of empowering SMBs to protect themselves and their employees, reflecting the company’s mission to elevate the security standards for these crucial players in the economy.
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A Stellar Growth Trajectory: Huntress’ Rise in the Cybersecurity Sector
Huntress has experienced remarkable growth, boasting a 70% year-over-year revenue increase for the past two years. This growth trajectory is supported by strong customer validation, with Huntress being recognized as the industry leader in endpoint detection and response for eight consecutive seasons. Additionally, customers have ranked Huntress as the top provider of managed detection and response, further solidifying its position in the cybersecurity sector. As Huntress approaches $100M in annual recurring revenue and protects nearly 3.5 million endpoints and identities, it is well on its way to becoming a major force in the industry.
Empowering Businesses: The Huntress Managed Security Platform
The Huntress Managed Security Platform combines several key components to provide comprehensive protection for businesses:
- Endpoint Detection and Response (EDR)
- Identity Threat Detection and Response
- Security Awareness Training
- Security Information and Event Management (SIEM)
These tools are supported by a 24/7 Security Operations Center (SOC) staffed by expert analysts who offer unparalleled human oversight and intervention. This hybrid approach of automated technology and human expertise ensures that businesses receive the highest level of security, capable of addressing complex and evolving cyber threats.
The Future of Huntress
The recent $150M investment marks a significant milestone in Huntress’ journey, setting the stage for future innovations and expansions. Huntress aims to broaden its reach, extending its services to more SMBs globally and entering new mid-market industries. The company is dedicated to staying ahead of cybercriminals, continuously evolving its platform to meet the ever-changing landscape of cybersecurity threats.
The Importance of Cybersecurity in Today’s World
Huntress has made significant strides in the cybersecurity industry, particularly in protecting small and medium-sized businesses. With the new $150M investment, Huntress is well-positioned to further enhance its offerings and extend its impact. As cyber threats continue to grow, the need for robust cybersecurity solutions becomes ever more critical. Businesses must prioritize their cybersecurity measures, and Huntress provides a reliable, expert-led platform to help safeguard their operations and assets.
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