Halcyon, a platform designed to combat ransomware, has closed a $40 million Series B funding round led by Bain Capital Ventures. The funding round was oversubscribed and follows a $50 million Series A round announced earlier this year, bringing Halcyon’s total funding raised in 2023 to $90 million.
Halcyon platform aims to help companies fill endpoint protection gaps and defeat ransomware without greatly disrupting their business functions. The solution offers bypass and evasion protection, key material capture and automated decryption as well as exfiltration and extortion prevention. Aiming to expand its customer base, Halcyon is targeting enterprise clients in various industries, with a specific focus on education, financial services and healthcare.
Halcyon aims to continue its mission of providing organizations with prevention and endpoint resilience against ransomware attacks. The company will use the new capital to expand its engineering, R&D and sales organizations.
