{"id":489105,"date":"2021-05-06T09:03:34","date_gmt":"2021-05-06T13:03:34","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/huntress-raises-40m-to-become-the-go-to-cybersecurity-platform-for-smbs-arm-reseller-partners-with-new-services\/"},"modified":"2021-05-06T09:03:34","modified_gmt":"2021-05-06T13:03:34","slug":"huntress-raises-40m-to-become-the-go-to-cybersecurity-platform-for-smbs-arm-reseller-partners-with-new-services","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/huntress-raises-40m-to-become-the-go-to-cybersecurity-platform-for-smbs-arm-reseller-partners-with-new-services\/","title":{"rendered":"Huntress Raises $40M to Become the Go-To Cybersecurity Platform for SMBs, Arm Reseller Partners with New Services"},"content":{"rendered":"

\nLed by JMI Equity, this latest fundraising enables Huntress to further its commitment to delivering cybersecurity to the 99% via local and national resellers.
\n<\/h2>\n
\n

ELLICOTT CITY, Md., May 06, 2021 (GLOBE NEWSWIRE) — Huntress<\/u><\/a>, the leading provider of managed detection and response (MDR) with human-powered threat hunting, today announced a $40 million Series B investment round led by JMI Equity<\/u><\/a>. The funding will enable Huntress to continue expanding its cybersecurity platform<\/u><\/a> to meet the evolving needs of its partners\u2014managed service providers (MSPs) and value added resellers (VARs) that deliver security services to small and mid-sized businesses (SMBs).<\/p>\n

In addition, ForgePoint Capital<\/u><\/a> and Gula Tech Adventures<\/u><\/a> have increased their existing investments in Huntress to support the company\u2019s ambitious goal of elevating SMBs above the cybersecurity poverty line.<\/p>\n

\u201cUntil small businesses and mid-market firms can improve their security posture, they\u2019ll remain prime targets for attackers,\u201d said Kyle Hanslovan, founder and CEO at Huntress. \u201cWe\u2019re seeing evidence of that every day\u2014in large-scale efforts like the exploitation of Exchange servers, and via the constant barrage of \u2018normal\u2019 malicious tactics hackers use to infiltrate businesses that are unprepared to launch a counter-response.<\/p>\n

“These growth-driven partnerships ensure we can continue challenging tomorrow\u2019s attackers, by accelerating our roadmap and evolving to meet new and diverse threats. And, importantly, minority investments allow us to laser-focus on securing our partners without sacrificing the values which enable our team to defend the channel. At a time when many vendors are over-promising and under-delivering, we\u2019re effectively doubling down on our mission to bring highly effective\u2014and affordable\u2014cybersecurity services to the 99% of businesses that need it most.\u201d<\/p>\n

Huntress enables businesses to identify and eliminate attackers who have bypassed preventive tools and are hiding within exposed IT environments. By combining a powerful SaaS platform with a highly skilled ThreatOps team, Huntress finds and stops attacks that other security solutions miss\u2014while reducing the cost and complexity barriers that prevent small businesses from acquiring enterprise-grade defenses.<\/p>\n

The company played a leading role in the technical analysis of several recent and significant security incidents: the supply chain attack on SolarWinds<\/u><\/a>, zero-day vulnerabilities discovered in popular event management platforms<\/u><\/a>, and the exploitation of on-prem Microsoft Exchange servers<\/u><\/a>.<\/p>\n

\u201cHuntress is an essential part of our layered security stack,\u201d said Michael Williams, Chief Strategy Officer at Logically. \u201cIt\u2019s our backstop\u2014it quickly identifies a breach, reduces remediation time and minimizes negative impacts. Huntress pays for itself many times within a single incident.\u201d<\/p>\n

This funding comes 10 months after the launch<\/u><\/a> of the Huntress Security Platform, which saw the company extend its core capabilities\u2014the identification and removal of persistent malware<\/u><\/a>\u2014to include ransomware detection, port scanning, antivirus management and more. The company also recently announced<\/u><\/a> the acquisition of network-aware endpoint detection and response (EDR) technology from San Antonio-based startup Level Effect<\/u><\/a>.<\/p>\n

\u201cWe\u2019re thrilled to partner with Huntress to deliver comprehensive cybersecurity services to a massive and largely underserved market of SMBs,\u201d said Suken Vakil, General Partner at JMI. \u201cTheir team\u2019s commitment to protecting, educating and enabling these organizations that are being actively exploited is second to none. We\u2019re excited to be in a position to help Huntress achieve its goals and deliver more value to its customers.\u201d<\/p>\n

Huntress will continue to focus its efforts on the attack surfaces that hackers target most frequently\u2014and successfully\u2014in SMB environments. The company plans to enable its partners to more effectively manage preventive solutions like antivirus and firewalls, while moving beyond endpoint detection to increase visibility into network traffic and cloud-based email threats.<\/p>\n

\u201cThe Huntress team has done a phenomenal job building a security platform to protect the SMB, a group that has been underserved for too long,\u201d said Ernie Bio, Principal at ForgePoint Capital. \u201cWe’re looking forward to the company\u2019s continued growth as they protect more of the mid-market and below.\u201d<\/p>\n

Today, Huntress partners with more than 1,500 resellers which in turn support more than 25,000 end customer organizations. The company has grown to include nearly 100 full-time employees, including the recent appointments of Dina Bruzek<\/u><\/a>, Lynn Shintani<\/u><\/a>, Roger Koehler<\/u><\/a> and Scott Horn<\/u><\/a> to executive engineering, human resources, ThreatOps and marketing positions, respectively.<\/p>\n

Huntress previously secured an $18 million Series A investment round led by ForgePoint Capital in February 2020.<\/p>\n

\n About Huntress<\/strong>
\n
Hackers are constantly evolving, exploiting new vulnerabilities and dwelling in SMB environments\u2014until they meet Huntress.<\/p>\n

Huntress enables our partners to find and stop hidden threats that sneak past preventive security tools. Founded by former NSA Cyber Operators\u2014and backed by a team of ThreatOps researchers\u2014we help our partners protect their customers from persistent footholds, ransomware and other attacks.<\/p>\n

Learn more at www.huntress.com<\/u><\/a> and follow us on social @HuntressLabs.<\/p>\n

\n About JMI Equity<\/strong>
\n
JMI Equity is a growth equity firm focused on investing in leading software companies. Founded in 1992, JMI has invested in over 155 businesses in its target markets, successfully completed over 105 exits, and raised more than $6 billion of committed capital. JMI partners with exceptional management teams to help build their companies into industry leaders. For more information, visit www.jmi.com<\/u><\/a>.<\/p>\n

\n About ForgePoint Capital<\/strong>
\n
ForgePoint Capital is the premier cybersecurity venture fund investing in transformative companies protecting the digital world. The firm is one of the most prolific investors in early and growth stage cybersecurity companies with over 40 global cybersecurity investments, including Qualys, BishopFox, Cysiv, IronNet, ReversingLabs and Uptycs.<\/p>\n

The team brings more than eight decades of company building, value creation experience and draws upon the largest network of trusted cybersecurity industry experts and customers to support entrepreneurs who are building great companies. Based in the San Francisco Bay Area, the firm partners with exceptional cybersecurity entrepreneurs worldwide. Visit forgepointcap.com<\/u><\/a> for more information.<\/p>\n

Media Contacts:
Huntress<\/strong>
Lexie Janney
(540) 520-3042
janney@merrittgrp.com<\/u><\/a><\/p>\n

\n JMI Equity<\/strong>
\n
Will Braun \/ Brandon Jiang
Abernathy MacGregor
whb@abmac.com<\/u><\/a> \/ bxj@abmac.com<\/u><\/a>
212-371-5999<\/p>\n

\n ForgePoint Capital<\/strong>
\n
\n
\n pr@forgepointcap.com<\/u>
\n <\/a>\n <\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Led by JMI Equity, this latest fundraising enables Huntress to further its commitment to delivering cybersecurity to the 99% via local and national resellers. ELLICOTT CITY, Md., May 06, 2021 (GLOBE NEWSWIRE) — Huntress, the leading provider of managed detection and response (MDR) with human-powered threat hunting, today announced a $40 million Series B investment round led by JMI Equity. The funding will enable Huntress to continue expanding its cybersecurity platform to meet the evolving needs of its partners\u2014managed service providers (MSPs) and value added resellers (VARs) that deliver security services to small and mid-sized businesses (SMBs). In addition, ForgePoint Capital and Gula Tech Adventures have increased their existing investments in Huntress to support the company\u2019s ambitious goal of elevating … <\/p>\n

Continue reading “Huntress Raises $40M to Become the Go-To Cybersecurity Platform for SMBs, Arm Reseller Partners with New Services”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-489105","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nHuntress Raises $40M to Become the Go-To Cybersecurity Platform for SMBs, Arm Reseller Partners with New Services - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/huntress-raises-40m-to-become-the-go-to-cybersecurity-platform-for-smbs-arm-reseller-partners-with-new-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huntress Raises $40M to Become the Go-To Cybersecurity Platform for SMBs, Arm Reseller Partners with New Services - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Led by JMI Equity, this latest fundraising enables Huntress to further its commitment to delivering cybersecurity to the 99% via local and national resellers. ELLICOTT CITY, Md., May 06, 2021 (GLOBE NEWSWIRE) — Huntress, the leading provider of managed detection and response (MDR) with human-powered threat hunting, today announced a $40 million Series B investment round led by JMI Equity. The funding will enable Huntress to continue expanding its cybersecurity platform to meet the evolving needs of its partners\u2014managed service providers (MSPs) and value added resellers (VARs) that deliver security services to small and mid-sized businesses (SMBs). 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ELLICOTT CITY, Md., May 06, 2021 (GLOBE NEWSWIRE) — Huntress, the leading provider of managed detection and response (MDR) with human-powered threat hunting, today announced a $40 million Series B investment round led by JMI Equity. The funding will enable Huntress to continue expanding its cybersecurity platform to meet the evolving needs of its partners\u2014managed service providers (MSPs) and value added resellers (VARs) that deliver security services to small and mid-sized businesses (SMBs). In addition, ForgePoint Capital and Gula Tech Adventures have increased their existing investments in Huntress to support the company\u2019s ambitious goal of elevating … Continue reading \"Huntress Raises $40M to Become the Go-To Cybersecurity Platform for SMBs, Arm Reseller Partners with New Services\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/huntress-raises-40m-to-become-the-go-to-cybersecurity-platform-for-smbs-arm-reseller-partners-with-new-services\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-06T13:03:34+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIzMDY5MiM0MTY4MDc5IzIxOTIyNDM=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huntress-raises-40m-to-become-the-go-to-cybersecurity-platform-for-smbs-arm-reseller-partners-with-new-services\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huntress-raises-40m-to-become-the-go-to-cybersecurity-platform-for-smbs-arm-reseller-partners-with-new-services\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Huntress Raises $40M to Become the Go-To Cybersecurity Platform for SMBs, Arm Reseller Partners with New Services","datePublished":"2021-05-06T13:03:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huntress-raises-40m-to-become-the-go-to-cybersecurity-platform-for-smbs-arm-reseller-partners-with-new-services\/"},"wordCount":989,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huntress-raises-40m-to-become-the-go-to-cybersecurity-platform-for-smbs-arm-reseller-partners-with-new-services\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIzMDY5MiM0MTY4MDc5IzIxOTIyNDM=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/huntress-raises-40m-to-become-the-go-to-cybersecurity-platform-for-smbs-arm-reseller-partners-with-new-services\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/huntress-raises-40m-to-become-the-go-to-cybersecurity-platform-for-smbs-arm-reseller-partners-with-new-services\/","name":"Huntress Raises $40M to Become the Go-To Cybersecurity Platform for SMBs, Arm Reseller Partners with New Services - 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