Horizon3.ai, a cybersecurity startup known for its autonomous penetration testing tools, is on the hunt for a whopping $100 million in a new funding round, with at least $73 million already secured according to a recent SEC filing. NEA is leading this investment round, which has set the startup’s valuation at over $750 million—though it’s unclear if that figure is before or after the new round.
Key Points
- Horizon3.ai is raising $100 million, having secured at least $73 million in funding.
- The investment round is led by NEA, marking their second major cybersecurity investment in a month.
- The startup’s estimated valuation exceeds $750 million.
- Horizon3.ai generated approximately $30 million in annual recurring revenue.
- Founded in 2019, the team includes former U.S. Special Operations cyber experts.
- Recently received FedRAMP authorization, allowing it to sell to federal agencies.
- Reported 101% year-on-year revenue growth and exceeded Q4 pipeline targets.
Why should I read this?
If you’re into cybersecurity or just curious about how startups secure funding in a competitive market, this article is a must-read! Horizon3.ai isn’t just raising a hefty amount; it’s also part of a broader trend where AI-fuelled security solutions are gaining serious traction. Stay ahead of the game by understanding what’s happening right now in this crucial sector.