Huntress nabs $150M in Series D at $15B+ valuation

TLDR:

• Huntress raised $150 million in Series D funding at a $1.5 billion-plus valuation.
• The cybersecurity startup focuses on security services for small business to small enterprise customers.

Maryland-based Huntress recently achieved unicorn status after securing a $150 million Series D funding round with a valuation exceeding $1.5 billion. The investment was led by Kleiner Perkins, Meritech Capital, and existing investor Sapphire Ventures. Founded in 2015, Huntress is committed to providing security services to small businesses and small enterprises, filling a gap in the cybersecurity sector. CEO Kyle Hanslovan emphasized the importance of democratizing access to security tools for all businesses. The company has experienced significant revenue growth, approaching $100 million in annual recurring revenue. With this latest funding round, Huntress has raised a total of nearly $310 million.

The cybersecurity industry has seen a surge in funding in the second quarter of the year, with Huntress contributing to the $4.1 billion raised by cyber startups in 141 deals. This figure surpasses the funding raised in the previous quarter and the same period last year. Huntress’ Series D round is part of this upward trend, reflecting the growing importance of cybersecurity in the digital landscape. Overall, cybersecurity funding for the year is on track to surpass previous records, indicating a strong market for innovative security solutions.