Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Application Security

Huntress Scores $40M Funding, Plans International Expansion

Managed detection and response (MDR) platform provider Huntress on Thursday announced the closing of a $40 million debt financing round to speed up global expansion plans.

The latest funding was led by CIBC Innovation Banking and brings the total raised by the Maryland start-up to $100 million.

Managed detection and response (MDR) platform provider Huntress on Thursday announced the closing of a $40 million debt financing round to speed up global expansion plans.

The latest funding was led by CIBC Innovation Banking and brings the total raised by the Maryland start-up to $100 million.

Huntress, based in Ellicott City, said the new financing will be used to shop for acquisition opportunities and to speed up expansion into international markets across Canada, the U.K., Europe, Australia and New Zealand.

Huntress investors include Forgepoint Capital, Gula Tech Adventures and JMI Equity.

[ READ: Huntress Spends $22M for Security Awareness Training Startup ]

“Huntress is growing faster than ever,”  Huntress chief executive Kyle Hanslovan said in a statement announcing the new funding. “This investment will help us continue innovating as we further our mission to protect small and midsize businesses.”

Earlier this year, Huntress shelled out $22 million to acquire Curricula, a transaction that provided an instant entry into the lucrative security awareness business.  

Huntress, which was widely credited with discovering the Kaseya supply chain hack against MSPs, said it used the Curricula tool internally for its own employee security training before deciding to buy the company outright.

Advertisement. Scroll to continue reading.

Huntress also acquired endpoint detection and response (EDR) technology from a startup named Level Effect to expand and strengthen its capabilities.

Related: MDR Firm Huntress Raises $40 Million in Series B Funding Round

Related: Huntress acquires Level Effect technology

Related: Huntress Acquires Security Awareness Training Startup Curricula

Written By

Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. He is a security community engagement expert who has built programs at major global brands, including Intel Corp., Bishop Fox and GReAT. Ryan is a founding-director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world.

Click to comment

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Vulnerabilities

Less than a week after announcing that it would suspended service indefinitely due to a conflict with an (at the time) unnamed security researcher...

Cybercrime

The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.

Data Protection

The cryptopocalypse is the point at which quantum computing becomes powerful enough to use Shor’s algorithm to crack PKI encryption.

Cybercrime

A recently disclosed vBulletin vulnerability, which had a zero-day status for roughly two days last week, was exploited in a hacker attack targeting the...

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

Identity & Access

Zero trust is not a replacement for identity and access management (IAM), but is the extension of IAM principles from people to everyone and...

Data Breaches

OpenAI has confirmed a ChatGPT data breach on the same day a security firm reported seeing the use of a component affected by an...