Huntress Raises $40M in Series B Funding


Huntress, an Ellicott City, Md.-based provider of managed detection and response (MDR) with human-powered threat hunting, raised $40m in Series B funding.

The round was led by JMI Equity with participation from ForgePoint Capital and Gula Tech Adventures.

The company intends to use the funds to continue expanding its cybersecurity platform.

Led by Kyle Hanslovan, founder and CEO, Huntress enables businesses to identify and eliminate attackers who have bypassed preventive tools and are hiding within exposed IT environments. By combining a SaaS platform with a highly skilled ThreatOps team, the solution finds and stops attacks while reducing the cost and complexity barriers that prevent small businesses from acquiring enterprise-grade defenses.

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

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, Lynn Shintani, Roger Koehler and Scott Horn to executive engineering, human resources, ThreatOps and marketing positions, respectively.