Halcyon, an Austin, Texas-based company that provides a cyber resilience platform, announced that it closed $50 million in Series A funding.
The round was led by SYN Ventures, with additional investment from Dell Technologies Capital, Corner Ventures, and other strategic investors.
The funding will accelerate the development and adoption of the Halcyon cyber resilience platform, the first of its kind designed from day one to defeat ransomware and extortion campaigns.
“When setting out to build Halcyon, we started with the premise that all cybersecurity solutions are inevitably bypassed,” said Jon Miller, CEO, and Co-Founder, of Halcyon. “We engineered Halcyon to embrace failure as a core concept of protection. Stopping ransomware requires multiple prevention and detection techniques, all trained extensively on years of actual ransomware attacks. This funding positions us to rapidly scale our mission of making ransomware unprofitable and enable resilient enterprises around the world.”
Halcyon is the first solution designed specifically to defeat ransomware, with tools for preventing initial intrusion, disrupting attacks in progress, and immediately reversing the effects of ransomware in the event of a successful attack.
Company: Halcyon Tech, Inc.
Raised: $50.0M
Round: Series A
Funding Month: April 2023
Lead Investors: SYN Ventures
Additional Investors: Dell Technologies Capital and Corner Ventures
Company Website: https://www.halcyon.ai/
Software Category: Anti-Ransomware and Cyber Resilience Platform
About the Company: Halcyon is a cybersecurity company that develops technology to protect enterprise clients' systems from the threat of ransomware. Halcyon's core platform offers layered ransomware protection that combines pre-execution detection, behavioral modeling, deception techniques, and if all else fails, resiliency, recovery, and isolation of impacted nodes. Its platform is a lightweight agent that combines multiple proprietary advanced prevention engines along with AI models trained solely on ransomware. Global 2000 companies rely on Halcyon to augment existing XDR/EDR platforms and undo attacks in minutes with bypass and evasion protection, key capture and automated decryption, and exfiltration and extortion prevention.
Source: https://www.halcyon.ai/press/halcyon-closes-50m-in-series-a-funding