Managed detection and response (MDR) platform provider Huntress on Thursday announced the closing of a $40 million debt financing round to speed up global expansion plans.

The latest funding was led by CIBC Innovation Banking and brings the total raised by the Maryland start-up to $100 million.

Huntress, based in Ellicott City, said the new financing will be used to shop for acquisition opportunities and to speed up expansion into international markets across Canada, the U.K., Europe, Australia and New Zealand.

Huntress investors include JMI Equity Partners, Forgepoint Capital and Gula Tech Adventures.

[ READ: Huntress Spends $22M for Security Awareness Training Startup ]

“Huntress is growing faster than ever,”  Huntress chief executive Kyle Hanslovan said in a statement announcing the new funding. “This investment will help us continue innovating as we further our mission to protect small and midsize businesses.”

Earlier this year, Huntress shelled out $22 million to acquire Curricula, a transaction that provided an instant entry into the lucrative security awareness business.  

Huntress, which was widely credited with discovering the Kaseya supply chain hack against MSPs, said it used the Curricula tool internally for its own employee security training before deciding to buy the company outright.

Huntress also acquired endpoint detection and response (EDR) technology from a startup named Level Effect to expand and strengthen its capabilities.

By Ryan Naraine on Thu, 08 Sep 2022 18:31:40 +0000
Original link