Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

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

Managed detection and response (MDR) solutions provider Huntress on Thursday announced raising $40 million in a Series B funding round, which brings the total raised by the company to $60 million.

Managed detection and response (MDR) solutions provider Huntress on Thursday announced raising $40 million in a Series B funding round, which brings the total raised by the company to $60 million.

The Series B round, led by JMI Equity, will help the company expand its platform. Previous investors ForgePoint Capital and Gula Tech Adventures also participated in the latest financing round.

Huntress offers a SaaS platform and a ThreatOps team that can help SMBs identify and stop attacks. Its platform’s capabilities include malware detection and removal, open port identification, and antivirus management. The company claims its solutions are used by more than 25,000 organizations.

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

The company was among the first to share technical information on the recent Microsoft Exchange attacks and their impact.

“Until small businesses and mid-market firms can improve their security posture, they’ll remain prime targets for attackers,” said Kyle Hanslovan, founder and CEO at Huntress. “We’re seeing evidence of that every day—in large-scale efforts like the exploitation of Exchange servers, and via the constant barrage of ‘normal’ malicious tactics hackers use to infiltrate businesses that are unprepared to launch a counter-response.”

Related: MDR Provider GoSecure Raises $35 Million

Related: Red Canary Raises $81 Million to Grow Security Operations Business

Advertisement. Scroll to continue reading.

Related: XDR Firm Cynet Raises $40 Million Series C Funding

Written By

Eduard Kovacs (@EduardKovacs) is a managing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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.

Learn how the LOtL threat landscape has evolved, why traditional endpoint hardening methods fall short, and how adaptive, user-aware approaches can reduce risk.

Watch Now

Join the summit to explore critical threats to public cloud infrastructure, APIs, and identity systems through discussions, case studies, and insights into emerging technologies like AI and LLMs.

Register

People on the Move

Jessica Newman has joined Sophos as General Manager of Global Cyber Insurance.

Breach and attack simulation solutions provider AttackIQ has appointed Pete Luban as Field Chief Information Security Officer.

Matthew Cowell has assumed the role of VP of Strategic Alliances at Nozomi Networks. He previously served in the same role at Dragos.

More People On The Move

Expert Insights

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest cybersecurity news, threats, and expert insights. Unsubscribe at any time.