Halcyon, an Austin, TX-based platform designed to defeat ransomware, closed a $40M Series B funding round.
The round was led by Bain Capital Ventures (BCV). BCV Partner and former Symantec CEO, Enrique Salem, will join the Board of Directors, and BCV Partner Jeff Williams will join as Chief Revenue Officer.
The company intends to use the funds to expand its engineering, R&D, and sales functions.
Led by Jon Miller, CEO and Co-Founder, Halcyon serves Global 2000 companies, which uses its platform to fill endpoint protection gaps and defeat ransomware with minimal business disruption through built-in bypass and evasion protection, key material capture and automated decryption, and exfiltration and extortion prevention. The system delivers multi-layered prevention and endpoint resilience with automated encryption key material capture and autonomous decryption capabilities that provides organizations with protection for their their valuable data and systems.
The company is targeting enterprise clients across all verticals with a specific focus in education, financial services and healthcare.
Global 2000 companies rely on Halcyon to address gaps in existing endpoint platforms and reverse attacks to maintain business continuity.
FinSMEs
19/12/2023