Huntress, the leading provider of managed detection and response (MDR) with human-powered threat hunting, today announced a $40 million Series B investment round led by JMI Equity. The funding will enable Huntress to continue expanding its cybersecurity platform to meet the evolving needs of its partners—managed service providers (MSPs) and value added resellers (VARs) that deliver security services to small and mid-sized businesses (SMBs).
In addition, ForgePoint Capital and Gula Tech Adventures have increased their existing investments in Huntress to support the company’s ambitious goal of elevating SMBs above the cybersecurity poverty line.
“Until small businesses and mid-market firms can improve their security posture, they’ll remain prime targets for attackers,” said Kyle Hanslovan, founder and CEO at Huntress. “We’re seeing evidence of that every day—in large-scale efforts like the exploitation of Exchange servers, and via the constant barrage of ‘normal’ malicious tactics hackers use to infiltrate businesses that are unprepared to launch a counter-response.
"These growth-driven partnerships ensure we can continue challenging tomorrow’s attackers, by accelerating our roadmap and evolving to meet new and diverse threats. And, importantly, minority investments allow us to laser-focus on securing our partners without sacrificing the values which enable our team to defend the channel. At a time when many vendors are over-promising and under-delivering, we’re effectively doubling down on our mission to bring highly effective—and affordable—cybersecurity services to the 99% of businesses that need it most.”
Huntress enables businesses to identify and eliminate attackers who have bypassed preventive tools and are hiding within exposed IT environments. By combining a powerful SaaS platform with a highly skilled ThreatOps team, Huntress finds and stops attacks that other security solutions miss—while reducing the cost and complexity barriers that prevent small businesses from acquiring enterprise-grade defenses.
The company played a leading role in the technical analysis of several recent and significant security incidents: the supply chain attack on SolarWinds, zero-day vulnerabilities discovered i