Huntress, an Ellicott City, Maryland-based managed cybersecurity platform for small and mid-sized businesses (SMBs), raised $40 million in debt financing from CIBC Innovation Banking.
Huntress plans to use the financing for M&A opportunities, research, product development, and expansion into international markets across Canada, the UK, Europe, Australia, and New Zealand.
“Huntress is growing faster than ever. In a market surrounded by increasingly expensive capital, CIBC Innovation Banking’s team understood our needs as a high-growth startup. With their help, we’ve already made a strategic acquisition, launched new managed security products, and more. We’re thrilled that CIBC Innovation Banking supports our vision for the future—this investment will help us continue innovating as we further our mission to protect small and midsized businesses.”-Kyle Hanslovan, CEO of Huntress, said.
Huntress recently acquired Curricula, an engaging security awareness training platform that uses story-based learning to communicate cyber risk to employees.
Company: Huntress Labs, Inc.
Raised: $40.0M
Round: Growth Capital
Funding Month: September 2022
Lead Investors: CIBC Innovation Banking
Additional Investors: JMI Equity, Forgepoint Capital, Gula Tech Adventures
Company Website: https://www.huntress.com/
Software Category: Managed CyberSecurity platform
About the Company: Founded in 2015 by Kyle Hanslovan, Chris Bisnett, and John Ferrell, Huntress is a leading provider of managed detection and response (MDR) for managed service providers (MSPs) and value-added resellers (VARs). Huntress delivers a powerful suite of endpoint protection, detection, and response capabilities backed by a team of 24/7 threat hunters to protect small and mid-sized businesses from modern cyber attackers. Huntress is on a mission to secure the 99%. The company is headquartered in Ellicott City, Maryland.
Source: https://www.businesswire.com/news/home/20220907005237/en/CIBC-Innovation-Banking-Announces-40M-Growth-Capital-Financing-for-Cybersecurity-Platform-Provider-Huntress