Cybersecurity Startups Venture

Huntress Captures $150M Series D At $1.5B-Plus Valuation

Cybersecurity illustration with shield, books, laptop. [Dom Guzman]

Maryland-based Huntress became the newest cybersecurity unicorn after it raised a $150 million Series D at a $1.5 billion-plus valuation.

The new round was led by Kleiner Perkins, Meritech Capital and existing investor Sapphire Ventures.

The startup focuses on security services for small business to small enterprise customers — an often overlooked sector in cyber as many companies chase Fortune 500 companies.

“Everyone deserves the ability to protect themselves and their employees’ livelihoods. This is the ‘why’ that supercharges my team to work around the clock and democratize access to the tools and talent typically built for the enterprise,” said co-founder and CEO Kyle Hanslovan in a release.

Huntress currently is realizing more than 70% year-to-year revenue growth for the past two years as it continues to “approach $100 million in annual recurring revenue.”

Founded in 2015, Huntress has raised nearly $310 million, per Crunchbase.

Cyber funding

Huntress’ fresh round is just the latest big cybersecurity round in a Q2 where funding has taken off.

With a couple of weeks still remaining in the quarter, cyber startups have raised $4.1 billion in 141 deals, per Crunchbase data. That far outpaces Q1’s numbers, when such startups raised $2.7 billion in 140 deals and smashes last year’s Q2 totals of $1.8 billion in 192 deals.

Of course, this year’s Q2 numbers are helped out immensely by cloud security startup Wiz’s big announcement in May that it had raised $1 billion at a $12 billion valuation. That round is still the biggest in cybersecurity this year.

Overall funding for the year is currently well ahead of this same point last year.

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Illustration: Dom Guzman

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