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Huntress Scores $40M Funding, Plans Worldwide Growth

By Ryan Naraine on September 08, 2022

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Managed detection and response (MDR) platform supplier Huntress on Thursday introduced the closing of a $40 million debt financing spherical to hurry up international growth plans.

The most recent funding was led by CIBC Innovation Banking and brings the overall raised by the Maryland start-up to $100 million.

Huntress, based mostly in Ellicott Metropolis, stated the brand new financing can be used to buy acquisition alternatives and to hurry up growth into worldwide markets throughout Canada, the U.Ok., Europe, Australia and New Zealand.

Huntress traders embrace JMI Fairness Companions, Forgepoint Capital and Gula Tech Adventures.

[ READ: Huntress Spends $22M for Security Awareness Training Startup ]

“Huntress is rising sooner than ever,”  Huntress chief government Kyle Hanslovan stated in a press release asserting the brand new funding. “This funding will assist us proceed innovating as we additional our mission to guard small and midsize companies.”

Earlier this yr, Huntress shelled out $22 million to amass Curricula, a transaction that supplied an on the spot entry into the profitable safety consciousness enterprise.  

Huntress, which was extensively credited with discovering the Kaseya provide chain hack in opposition to MSPs, stated it used the Curricula device internally for its personal worker safety coaching earlier than deciding to purchase the corporate outright.

Huntress additionally acquired endpoint detection and response (EDR) know-how from a startup named Stage Impact to increase and strengthen its capabilities.

Associated: MDR Agency Huntress Raises $40 Million in Collection B Funding Spherical

Associated: Huntress acquires Stage Impact know-how

Associated: Huntress Acquires Safety Consciousness Coaching Startup Curricula

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