It seems that not even the holiday season can stop online fundraising.
An anti-ransomware company Kingfisher has change into the latest cyber startup to raise big, locking a $100 million Series C at the helm Evolution Capital Partners which values the company at $1 billion.
The round was also attended by, among others: Capital of Bain, SYN’s ventures, Harmonia Group, ServiceNow ventures and others.
The Austin, Texas-based startup has developed a platform that uses artificial intelligence and ransomware-trained machine learning to reverse the effects of a ransomware attack, so you may rest assured that an attack won’t ever impact businesses.
It is estimated that firms have been defrauded of over $1 billion in 2023 The company said that no Halcyon customers paid ransom demands via the ransomware.
“Ransomware is unique in cybercrime because of its tangible impact on everyday people,” said co-founder and CEO Jon Miller In release. “Ransomware is the most predictable cybersecurity threat to organizations large and small, and now the threat has expanded to extort people whose sensitive data has been compromised.”
Big rounds are pouring in
Halcyon’s big round is the latest among cyber startups.
Just last week, data security launch White closed a $300 million Series D led by Speed up AND Sapphire ventures at a valuation of $3 billion.
Late last month Armis’s safety closed a $200 million Series D led by Capital of Alkeon AND Generic catalytic converter which valued the company at $4.2 billion.