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Series D, led by Kleiner Perkins, Meritech Capital, and existing investor Sapphire Ventures, more than doubles Huntress’ valuation beyond $1.5B
COLUMBIA, MD - June 18, 2024 - Huntress, the pioneering force in cybersecurity for small businesses to small enterprises and the Service Providers that support them, announced a significant milestone with the closure of a $150 million Series D funding round led by Kleiner Perkins, Meritech Capital, and existing investor Sapphire Ventures. This latest infusion of capital will power cutting-edge endpoint, identity, cloud, and SaaS security research alongside strategic acquisitions—reinforcing Huntress’ commitment to fortify the critical businesses that comprise the backbone of the global economy.
In addition to building and acquiring disruptive new products, Huntress is relentlessly evolving its highly-demanded Huntress Managed Security Platform with fully autonomous capabilities while racing to fuel its go-to-market engine to reach this underserved and under-protected market before cybercriminals do. This substantial investment will further strengthen Huntress’ mission to protect the most vulnerable companies that make up 99% of all businesses and minimize any downtime malicious hackers attempt to inflict on their victims.
“Everyone deserves the ability to protect themselves and their employees’ livelihoods. 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. I’m pumped to double-down with Sapphire and add two high-caliber firms, Kleiner Perkins and Meritech Capital, to the fight, as this capital will directly help us continue wrecking hackers and elevating the world’s critical businesses and their managed service provider allies,” said Kyle Hanslovan, CEO and Co-Founder of Huntress.
The new investment follows years of meteoric growth as Huntress continues its over 70% year-over-year revenue growth for the past two years. Additionally, the demand for Huntress products is evident in customer validation, being voted the industry leader in endpoint detection and response for the 8th consecutive season and the industry leader in managed detection and response by customers in G2 rankings earlier this year. This customer fanbase puts Huntress at the doorstep of becoming a centaur in cybersecurity as they approach $100M ARR and nearly 3.5 million endpoints and identities protected.
The Huntress Managed Security Platform empowers businesses by combining a purpose-built platform comprised of Endpoint Detection and Response, Identity Threat Detection and Response, Security Awareness Training, and a much-anticipated SIEM, with a world-class, expert Security Operations Center (SOC) that offers around-the-clock coverage with human expertise that software-only solutions can’t match.
Casber Wang, Sapphire Ventures: “Huntress has emerged as a clear outlier in a world where SMBs, the foundation of our global economy, have been chronically underserved. Since leading the company's Series C, we've witnessed first-hand the relentless dedication Huntress brings to elevating the security of SMBs through its platform and people. Their customers are also their biggest fans — just one of several reasons why we're thrilled to deepen our commitment with Kyle and the Huntress team on this next phase of growth."
Everett Randle, Kleiner Perkins: "From our very first meeting, it was clear that Kyle and the Huntress team had a profound understanding of and empathy for their customers and partners. Combined with their passion for building remarkable products, the team has created a rapidly growing cybersecurity platform supported by a large & fiercely loyal community. We’re thrilled to support the team as they accelerate their ability to innovate & ship products that serve this historically neglected market."
Alex Kurland, Meritech Capital: “Since its inception, Huntress has been steadfast in its mission to elevate and empower businesses, and their mission has proven successful. We are impressed with the company’s growth and are excited to support this amazing team as they continue to reach more MSPs and businesses globally and enter new mid-market industries.”
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About Huntress
Huntress is the enterprise-grade, people-powered cybersecurity solution for all businesses, not just the 1%. With fully owned technology developed by and for its industry-defining team of security analysts, engineers, and researchers, Huntress elevates underresourced tech teams whether they work within outsourced environments (OIS) or in-house IT and security teams (IIS).The 24/7 industry-leading Huntress Security Operations Center (SOC) covers cyber threats for OIS and IIS through remediation with a false-positive rate of less than 1%. With a mission to break down barriers to enterprise-level security and always give back more than it takes, Huntress is often the first to respond to major hacks and threats while protecting its partners, and shares tradecraft analysis and threat advisories with the community as they happen.As long as hackers keep hacking, Huntress keeps hunting. Join the hunt at www.huntress.com and follow us on X, Instagram, Facebook, and LinkedIn.
The fully managed security platform that combines endpoint detection and response, Microsoft 365 identity protection, a predictably affordable SIEM and science-based security awareness training. Powered by custom-built enterprise technology for mid-market enterprises, small businesses, and the MSPs that support them and delivered by unrivaled industry analysts in our 24/7 Security Operations Center.
Contact:
Valerie Baccei
+1 (650) 400-7833
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