Horizon3.ai Raises $40 Million in Series C

by Kay Aloha Villamor August 9th, 2023

Horizon3.ai, a San Francisco, CA-based provider of autonomous security solutions, raised $40 million in Series C funding. 

The round was led by Craft Ventures and also included participation from Signal Fire. Since its inception in late 2019, Horizon3.ai has accumulated a total of $78.5 million in funding.

The funds raised in this Series C round will be strategically allocated to further develop Horizon3.ai's enterprise-wide security platform, enhance its presence in various channels and partnerships, and cater to the increasing demand for its services on a global scale. 

Horizon3.ai NodeZero™ platform has rapidly established itself as a prominent tool in the field of autonomous penetration testing (pentesting). This platform enables customers to efficiently assess their security posture and minimize their potential vulnerability to attacks.

NodeZero™ provides autonomous penetration testing delivered as a self-service SaaS offering. Customers using NodeZero today span 50 industries and 25 countries, including manufacturing, healthcare, financial services, education, and local government.

With this new funding, Horizon3.ai will integrate pentesting, SOAR, and detection engineering into a security platform that enables customers to proactively secure their enterprise.

“Being a CISO has never been tougher. Enterprises must now deal with securing their on-prem infrastructure, multiple clouds, hundreds of SaaS services, and IoT assets. Attackers have their eyes on increasingly critical infrastructure like satellites, connected vehicles, fighter jets, and industrial control systems. What’s more, attackers don’t have to ’hack in’ using Zero Days like you see in the movies. Often, they are able to log in using easily guessable or breached employee passwords,” said Snehal Antani, founder and CEO of Horizon3.ai. “Customers turn to us to discover their exploitable attack paths, help fix their riskiest issues, and verify that their fixes worked before they fall into the crosshairs of attackers.”

Company: Horizon3 AI, Inc.

Raised: $40.0M

Round: Series C

Funding Month: August 2023

Lead Investors: Craft Ventures

Additional Investors: Signal Fire

Company Website: https://www.horizon3.ai/

Software Category: Autonomous Penetration Testing Solution

About the Company: Horizon3.ai was founded in 2019 with the mission to help organizations see their networks through the eyes of the attacker and proactively fix problems that truly matter, improve the effectiveness of their security initiatives, and ensure that they are prepared to respond to real cyberattacks. Horizon3.ai provides an autonomous penetration testing solution. It offers NodeZero that enables organizations to continuously assess the security posture of their enterprise, including external, identity, on-prem, IoT, and cloud attack surfaces.

Source: https://www.businesswire.com/news/home/20230808659099/en/Horizon3.ai-Raises-40M-Series-C-to-Confront-Attackers-with-Proactive-Continuous-Security-Testing

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