Halcyon, an Austin, TX-based platform designed to defeating ransomware, received a strategic investment from Cisco Investments.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate development and adoption of its anti-ransomware platform.
Led by Jon Miller, CEO and Co-founder, Halcyon provides a dedicated anti-ransomware platform that insulates organizations from impacts of ransomware even in the event of a successful attack. Ransomware operators regularly bypass security prevention controls, but Halcyon’s key material capture and automated decryption tooling prevents threat actors from triggering ransomware payloads, while Halcyon exfiltration prevention prevents threat actors from executing extortion campaigns.
Halcyon has raised over $90M to date.
FinSMEs
31/07/2024