Huntress Raises USD 18 Million in Series A

Founded in 2015 by former NSA Cyber Operators Kyle Hanslovan, Chris Bisnett, and John Ferrell, Huntress introduced a new cloud-delivered approach to MDR centered on detecting malicious footholds and attacker persistence.

FREMONT, CA: SaaS-based managed detection and response (MDR) provider for managed service providers (MSPs) and value-added resellers (VARs), Huntress, raised USD 18 million in its Series A round of financing led by ForgePoint Capital. The new funding will allow Huntress to accelerate product engineering and development, as well as expand to additional market segments and geographies. Besides, Huntress will continue to remain independent after the funding, allowing it to stay committed to channel partners. The Series A round follows rapid growth in customers for Huntress, now protecting over 1,000 MSP partners, further validating the need for advanced MDR solutions that are effective and affordable.

"While working at NSA and cooperating with FBI, we saw firsthand how attackers establish persistence in systems, either waiting for the opportune moment to attack or selling access as part of a full-fledged business model," says Kyle Hanslovan, CEO of Huntress. "We wanted to make threat detection available to small businesses, which are under attack just as much as large enterprises. We call it cybersecurity for the 99 percent. We believe that the best way to reach these businesses effectively is by enabling and empowering the channel."

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Founded in 2015 by former NSA Cyber Operators Kyle Hanslovan, Chris Bisnett, and John Ferrell, Huntress introduced a new cloud-delivered approach to MDR centered on detecting malicious footholds and attacker persistence. The 2019 Verizon Data Breach Detection Report shows that 43 percent of all cyberattacks were targeted at small businesses. These businesses are under attack just as much as large enterprises, but often lack the resources for extensive threat protection. Huntress continues to focus on the traditionally underserved market, offering its detection and response services as well as expanding its platform to include recovery.

"Many of these cyberattacks have grown in sophistication, and SMBs are demanding advanced capabilities from their IT and security providers to defend themselves," says Ernie Bio, Vice President at ForgePoint Capital. "To meet this growing demand, the Huntress team built an accessible MDR as a service solution. We at ForgePoint are impressed by the Huntress team's domain expertise, relentless drive, and passion to protect all customers from today's advanced cyber threats." Bio will join Huntress's board of directors along with Alberto Yepez, Co-Founder and Managing Director of ForgePoint.

See Also: Top Cyber Security Solution Companies

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