Based in Maryland Huntress has turn into the latest cybersecurity unicorn after it raised a $150 million Series D at a valuation of over $1.5 billion.
He led the latest round Little Perkins, Meritech Capital and current investor Sapphire ventures.
The startup focuses on security services for small businesses and enterprises, an often ignored cybersecurity sector that many corporations pursue Fortune 500 corporations.
“Everyone deserves the opportunity to guard themselves and the livelihoods of their employees. “It’s the ‘why’ that empowers my team to work around the clock and democratizes access to tools and talent typically built for the enterprise,” said co-founder and CEO Kyle Hanslovan In release.
Huntress is currently reporting over 70% year-over-year revenue growth over the past two years, continuing to “approach $100 million in annual recurring revenue.”
Founded in 2015, Huntress has raised nearly $310 million on Crunchbase.
Cyber financing
Huntress’s latest round is simply the last major cybersecurity round in the second quarter of funding commencement.
With a few weeks left in the quarter, cyber startups have raised $4.1 billion in 141 deals, based on Crunchbase data. That’s up significantly from the first quarter, when such startups raised $2.7 billion in 140 deals, and beats last yr’s second quarter total of $1.8 billion in 192 deals.
Of course, this yr’s Q2 results are helped enormously by the cloud security startup Wizardin May, it announced it had raised $1 billion at a $12 billion valuation. This round is still the largest in cybersecurity this yr.
Total funding for this yr is now significantly higher than the same level last yr.