Not even the holiday season can stop cyber fundraising it seems.
Anti-ransomware firm became the latest cyber startup to raise big, locking up a $100 million Series C led by that values the company at $1 billion.
The round also saw participation from , , , and others.
The Austin, Texas-based startup has developed a platform that uses artificial intelligence and machine learning trained on ransomware to reverse the effects of a ransomware attack — making sure businesses’ operations are never actually impacted by an attack.
While it is estimated companies were extorted for more than through ransomware, no Halcyon customers have paid a ransom demand, the company said.
“Ransomware is unique in cybercrime because of its tangible impact on everyday people,� said co-founder and CEO in a . “Ransomware represents the most prescient cybersecurity threat to organizations large and small, and now the threat has expanded to include the extortion of individuals whose sensitive data has been compromised.�
Big rounds pour in
Halcyon’s big round is just the latest among cyber startups.
Just last week, data security startup closed a $300 million Series D led by and at a $3 billion valuation.
Late last month, closed a $200 million Series D led by and that valued the company at $4.2 billion.
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Related reading:
- Data Security Startup Cyera Locks Up $300M At $1.4B Valuation
- Data Security Startup Cyera More Than Doubles Value To $3B In 7 Months
- Cyber Startup Armis Security Raises $200M At $4.2B Valuation
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