Halcyon, an Austin, Texas-based platform designed to combat ransomware, has raised $40 million in Series B funding.  

The funding comes shortly after a $50 million Series A round in April 2023, bringing the total raised in 2023 to $90 million.  

SaaS Investors 

The round was led by Bain Capital Ventures (BCV).  

Bain Capital Ventures (BCV) is a multi-stage VC firm investing across four core domains—fintech, application software, infrastructure, and commerce tech. Leveraging the unique resources of Bain Capital, the firm targeted support at every stage of the company-building journey. For over 20 years, BCV has helped launch and commercialize more than 400 companies.  

Enrique Salem, Partner at BCV and former Symantec CEO, will join the Board of Directors, and Jeff Williams, also a BCV Partner, will join as Chief Revenue Officer.  

Halcyon Use of Funds 

The company will use the fresh funds to expand its engineering, R&D, and sales functions.  

About Halcyon 

Halcyon is an anti-ransomware company that focuses on building products and solutions for mid-market and enterprise customers. The company's platform offers layered ransomware protection that combines pre-execution detection, behavioral modeling, and deception techniques, enabling clients to get resiliency, recovery, and isolation of impacted nodes for mid-market and enterprise customers. The company is headquartered in San Diego, CA, and in Austin, TX.  

Funding Details

Company: Halcyon Tech, Inc.  

Raised: $40.0M                    

Round: Series B      

Funding Month: December 2023                                                                                            

Lead Investors: Bain Capital Ventures     

Additional Investors:    

Company Website: https://www.halcyon.ai/    

Software Category: Cybersecurity   

Source: https://www.businesswire.com/news/home/20231219466125/en/