The funding round for Halcyon is the latest in a series of significant investments in cyber startups. Last week, data security startup Cyera closed a $300 million Series D round led by Accel and Sapphire Ventures, valuing the company at $3 billion. In addition, Armis Security recently closed a $200 million Series D round led by Alkeon Capital and General Catalyst, bringing its valuation to $4.2 billion.
Key takeaways:
- Anti-ransomware firm Halcyon has raised $100 million in a Series C funding round led by Evolution Equity Partners, valuing the company at $1 billion.
- The Austin, Texas-based startup has developed a platform that uses artificial intelligence and machine learning to reverse the effects of a ransomware attack.
- Other recent major funding rounds in the cyber startup sector include data security startup Cyera's $300 million Series D and Armis Security's $200 million Series D.
- Despite the increasing threat of ransomware, no Halcyon customers have paid a ransom demand, according to the company.