Big win for small businesses! Huntress, a cybersecurity champion for SMBs, lands $150 million to expand its offerings and make them more accessible.
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| Maryland's Huntress secures $150 million to make advanced protection accessible to small and mid-sized businesses. |
Columbia, Maryland, June 21, 2024:
In a significant win for Maryland's burgeoning tech sector, Huntress, a cybersecurity firm specializing in protecting small and mid-sized businesses (SMBs), has secured a whopping $150 million in Series D funding. This impressive round, one of the largest for a Maryland company in 2024, positions Huntress for continued growth and leadership in the vital field of cybersecurity for under-protected businesses.
The funding round was led by renowned venture capital firms Kleiner Perkins and Meritech Capital, known for backing innovative companies with high-growth potential. Existing investor Sapphire Ventures also participated, demonstrating their continued confidence in Huntress' mission and vision.
This substantial investment will fuel Huntress' ambitious plans to expand its cybersecurity offerings and make them even more accessible to the vast and often underserved SMB market. "Everyone deserves the ability to protect themselves and their employees' livelihoods," said Kyle Hanslovan, CEO and co-founder of Huntress. "This is the 'why' that supercharges my team to work around the clock and democratize access to the tools and talent typically built for the enterprise."
Huntress' focus on SMB cybersecurity is a refreshing change in a landscape where larger firms often dominate the conversation and resources. "Many cybersecurity solutions are complex and expensive," explains Hanslovan, "leaving smaller businesses exposed to significant threats. We believe everyone deserves robust protection, regardless of company size."
The company offers a comprehensive Managed Security Platform (MSP) specifically designed for the needs of SMBs. This platform includes features like Endpoint Detection and Response (EDR), Identity Threat Detection and Response (ITDR), Security Awareness Training, and a soon-to-be-launched Security Information and Event Management (SIEM) system. By offering this suite of services under a single platform, Huntress simplifies security management for SMBs, allowing them to focus on core business activities while maintaining robust protection against cyberattacks.
Huntress' recent success story reflects a growing recognition of the critical role SMBs play in the global economy. These smaller businesses often form the backbone of local communities and fuel innovation across a wide range of industries. However, they are also prime targets for cybercriminals due to their perceived lack of sophisticated security measures.
The $150 million funding round empowers Huntress to bridge this gap, providing SMBs with the tools and resources they need to defend themselves in the ever-evolving cybersecurity landscape. This not only protects individual businesses but also strengthens the overall digital infrastructure of the nation.
With this significant investment, Huntress is poised to become a household name in SMB cybersecurity. Their commitment to democratizing access to high-quality security solutions is a welcome development, ensuring that businesses of all sizes can operate with confidence in the digital age. The future looks bright for Huntress and for the countless SMBs they aim to empower with the power of effective cybersecurity.