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Halcyon Lands Large Investment To Defend Against Ransomware

Apr 20, 2023over 2 years ago
San Diegocomputer & network securityCyber SecurityArtificial IntelligenceSoftware

Investors

Dell Technologies CapitalCorner VenturesSyn Ventures

Description

Following the Colonial Pipeline incident in 2021, Jon Miller and Ryan Smith wondered why, with the widespread adoption of security tools, ransomware was still growing exponentially.

Company Information

Company

Halcyon

Location

San Diego, California, United States

About

Halcyon is a cybersecurity company building products that stop ransomware from impacting enterprise customers. The Halcyon Anti-Ransomware and Cyber Resilience Platform offers layered ransomware protection that combines pre-execution detection, behavioral modeling, deception techniques and, if all else fails, resiliency, recovery and isolation of impacted nodes.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers