Hunting for a Cure: Huntress Raises $60M to Expand MDR Program

Huntress, the Maryland-based managed detection and response (MDR) platform provider, recently announced the closure of a $60 million series C funding round led by Sapphire Ventures. With this latest funding, Huntress has raised a total of $118 million, a clear indication of the investor confidence in outsourced cybersecurity businesses. Existing investors JMI Equity and Forgepoint Capital also expanded their equity stake in the cybersecurity provider. The company provides cybersecurity services to over 105,000 end customers worldwide and recently acquired the security awareness training startup Curricula for $22 million, as well as endpoint detection and response (EDR) technology from Level Effect to expand its capabilities. The company’s new capital will go toward enhancing its threat detection, response, and analysis capabilities to help managed service provider (MSP) partners increase their security offerings.

## Meeting SMB Cybersecurity Needs

Huntress has found its niche providing essential services to small and medium-sized businesses (SMBs) that outsource most cybersecurity functions. The cybersecurity needs of SMBs have been largely neglected, according to Casber Wang, partner at Sapphire Ventures, who believes Huntress can fill the talent and technology gap in that segment of businesses that are struggling with cyber threats. The new funding will go toward providing MSPs with advanced cybersecurity tools and services to protect smaller organizations from the rising threat of ransomware and other malware attacks.

The Huntress MDR program offers advanced threat detection, protection, and response capabilities to alert MSPs about abnormal activities in their client’s network. As the company continues to expand its capabilities, MSPs will have a host of new and improved cybersecurity tools at their disposal to better protect their clients’ systems.

## Strong Advocacy and Partnership

Huntress has made a name for itself in the cybersecurity community by advocating for the greater good of the broader cybersecurity ecosystem and partnership approach. The company is well-positioned to ensure that its technology, tools, and services accommodate the ever-changing needs of businesses. MLPs will be able to deliver cybersecurity services that are more tailored to their clients, addressing the gaps in cybersecurity talent and outcome-driven technology.

## Outlook

The demand for advanced cybersecurity tools and services continues to rise, driven by increased levels of cyber threats across the business landscape. Huntress is uniquely positioned to offer MSPs advanced threat detection, analysis, and response capabilities to prevent and mitigate cybersecurity threats. The additional funding will enable Huntress to accelerate its growth plans, further enhance its capabilities, and offer better cybersecurity solutions to smaller organizations and businesses. With Huntress continuing to promote advocacy for a better cybersecurity ecosystem and deepen its engagement with MSPs, the future looks bright for the managed cybersecurity provider.

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