Halcyon, an Austin, Texas-based anti-ransomware platform, has closed $100 million in Series C funding, achieving a valuation of $1 billion and bringing its total funding to $190 million.
Investors
The round was led by Evolution Equity Partners, with participation from Bain Capital Ventures (BCV), SYN Ventures, Harmony Group, Corner Capital Management, Dropbox Ventures, ServiceNow Ventures, and existing investors.
Evolution Equity Partners is an international venture capital firm leveraging deep sector expertise to help exceptional entrepreneurs build market-leading companies. The firm has invested in the U.S., Europe, and emerging markets, supporting portfolio companies as they expand into new markets. Evolution focuses on Information Security, Enterprise Software & Solutions, and Consumer technologies.
Evolution Managing Partner Richard Seewald has joined the Halcyon Board of Directors.
Halcyon Use of Funds
The funding will accelerate Halcyon’s growth and further solidify its position as the premier platform for ransomware prevention and recovery.
About Halcyon
Halcyon is a cybersecurity company specializing in defeating ransomware attacks. The company provides a comprehensive anti-ransomware platform designed to prevent, mitigate, and recover from ransomware incidents. Halcyon’s solutions leverage advanced technologies, including AI and machine learning models trained on ransomware samples.
Funding Details
Company: Halcyon Tech, Inc.
Raised: $100.0M
Round: Series C
Funding Date: November 2024
Lead Investor: Evolution Equity Partners
Additional Investors: Bain Capital Ventures, SYN Ventures, Harmony Group, Corner Capital Management, Dropbox Ventures, ServiceNow Ventures
Company Website: https://www.halcyon.ai/
Software Category: Cybersecurity
Source: https://www.businesswire.com/news/home/20241125117090/en/