Horizon3.ai, a cybersecurity startup focusing on tools like autonomous penetration testing, is making waves by seeking a whopping $100 million in a new funding round. They’ve already secured at least $73 million, revealed through an SEC filing this week, and are currently valued at approximately $750 million.
Key Points
- Horizon3.ai aims to raise $100 million, with at least $73 million already secured.
- The funding round is led by NEA and follows a $40 million Series C round in August 2023.
- The startup is valued around $750 million and generates about $30 million in annual recurring revenue.
- Horizon3.ai provides autonomous threat detection tools to protect against AI-driven cyber attacks.
- The company recently received FedRAMP authorisation to sell its solutions to federal agencies.
- Founded in 2019, it comprises a team of former U.S. Special Operations cyber operators and cybersecurity experts.
Why should I read this?
If you’re interested in the fast-paced world of cybersecurity and AI, you won’t want to miss this! Horizon3.ai’s latest funding initiative highlights crucial developments in securing digital infrastructures, especially with the rise of AI-driven threats. This could be a game-changer if you’re keeping an eye on tech trends!