Highlights:
- The company’s platform protects enterprises throughout the modern attack lifecycle, intending to help companies of all sizes ward off modern cyberattacks.
- Huntress also offers education and resources in the field of cybersecurity for SecOps and security network professionals.
Managed cybersecurity platform startup Huntress Labs Inc. announced a raise of USD 40 million in debt financing from CIBC Innovation Banking. The funds will allow it to pursue opportunities for mergers and acquisitions, research, product development, and expansion into international markets.
Established in 2015, Huntress provides a cybersecurity platform with managed endpoint detection and response. To locate and neutralize hidden dangers, especially those that can circumvent typical security measures, its platform makes use of both automated detection and human-powered threat hunting.
The company’s platform protects enterprises throughout the modern attack lifecycle, intending to help companies of all sizes ward off modern cyberattacks. The Huntress Managed Security Platform protects persistent footholds, eliminating attackers in plain sight and what it refers to as “ransomware canneries.” These “ransomware canneries” are small, lightweight files on all protected endpoints and enable faster detection of potential ransomware incidents.
The Huntress platform also provides managed antivirus services, which include executing remedial activities for all protected endpoints, defining exclusions, monitoring scans and protections, and centrally managing detections and events. The firm’s External Recon feature watches for potential exposures that could be produced by open ports connected to remote desktop services and shadow information technologies to identify solutions to improve the company’s external security postures.
Additionally, Huntress offers education and resources in the field of cybersecurity for SecOps and security network professionals. Users can learn hacker tradecraft, raise their security skills, and have more actionable client dialogues using this service.
A combination of mergers and acquisitions is part of the organization’s growth plan. Huntress spent USD 22 million in July to acquire the security awareness training platform Curricula Group Inc. The deal added a critical layer to Huntress’ growing managed security platform. This layer was delivered through an interactive eLearning experience, allowing employees to become their line of defence in the fight against attackers.
The chief financial officer of Huntress, Marcos E. Torres, was quoted in a release as saying, “We’re just getting started with our build-and-buy strategy to help businesses strengthen their preventive security efforts.” He added, “With our level of maturity in M and amp;A and deal structuring, we’ll continue to acquire and develop assets that solve business and technical problems for our partners.”
According to Crunchbase, Huntress had previously raised USD 59.8 million in funding from venture capital before initiating the current loan transaction. In addition to Gula Tech Adventures and Blue Venture Investors, JMI Equity Partners, Forgepoint Capital, SaaS Ventures, and StoneMill Ventures are among the company’s investors.