Huntress, an Ellicott City, Maryland-based managed security platform for small and mid-sized businesses (SMBs), announced that it closed $60 million in Series C funding.

The investment round was led by Sapphire Ventures, with participation from existing investors Forgepoint Capital and JMI Equity.

Sapphire Partner Casber Wang will join the Huntress board of directors, along with Operating Partner Mahau Ma as a board observer.

This funding will fuel enhancements to Huntress’ Managed Security Platform, and the company’s market expansion.

Huntress will continue to meet the evolving needs of its growing base of partners including managed service providers (MSPs) and managed security service providers (MSSPs) who deliver security services to SMBs that otherwise do not possess critical threat detection, analysis, and response capabilities in-house.

"There are 32 million SMBs in the United States alone. At Huntress, our mission is to ensure that all businesses, regardless of size, have access to the cutting-edge solutions they need to continuously operate free from cybersecurity threats,” said Kyle Hanslovan, CEO and Co-Founder of Huntress. “I’m inspired by the passion our investors share for protecting these companies. With Sapphire Ventures, Forgepoint and JMI at our side, I am confident that we can make a real difference.”

Company: Huntress Labs, Inc.

Raised: $60.0M

Round: Series C

Funding Month: May 2023

Lead Investors: Sapphire Ventures

Additional Investors: Forgepoint Capital and JMI Equity

Company Website: https://www.huntress.com/

Software Category: Managed Security Platform

About the Company: Founded in 2015 by Kyle Hanslovan, Chris Bisnett, and John Ferrell, Huntress is a provider of advanced threat detection and actionable cybersecurity intelligence for managed service providers (MSPs) and value-added resellers (VARs) to reach small and medium-sized businesses (SMBs). Huntress protects small and mid-sized businesses from modern cyber attackers via a managed security platform that defends users from persistent footholds, ransomware, and other attacks. The company’s managed cybersecurity platform combines automated detection with human threat analysts—providing the software and expertise needed to stop advanced cyberattacks. The company is trusted by leading MSPs and MSSPs such as Tech Keys, 1Path, Logically, and Intelligent Technical Solutions.

Source: https://www.globenewswire.com/news-release/2023/05/16/2670018/0/en/Huntress-Secures-60-Million-Series-C-Funding-to-Expand-Suite-of-Solutions-that-Protect-SMBs-from-Cyber-Attacks.html