Hunters Raises $30M In Series B Round For Its XDR Tech
US-Israeli security startup Hunters announced on Tuesday that it has raised $30 million in a Series B round led by Bessemer Venture Partners (BVP) for its extended detection and response (XDR) tech.
The round also had participation from existing investors YL Ventures, Blumberg Capital, Microsoft’s Venture Fund M12 and U.S. Venture Partners (USVP).
The new funding brings the company’s total amount raised to $50.4 million to date.
Founded in 2018, Hunters was created to accelerate cyber threat response and fight cyber threats and attacks by helping companies detect, identify, and provide a remedy for cyber attacks that target their cloud, hybrid, and enterprise environments.
The company has offices in Newton, Massachusetts and Tel Aviv,
Last year, the company raised $15 million in a Series A round followed by additional growth funding from Snowflake Ventures.
Companies targeted by complex security threats select Hunters XDR for its proven ability to accelerate threat detection, investigation and incident response, the company said. Among them are recognized brands in the financial services, technology, retail, manufacturing and media industries.
“Hunters’ customer engagements are accelerating with Fortune 1000 Companies adopting XDR to be at the heart of their security operations,” said Uri May, CEO and co-founder of Hunters. “Traditional security tools like SIEM have not fulfilled the need to clearly and rapidly identify and investigate threats at the scale of cloud data, leaving a crucial gap in supporting security analysts. Open XDR offers a new technology approach with a turn-key solution that stitches security events from across the entire security stack into contextualized and prioritized incidents. This maximizes the value security teams are getting from their current stack and enables them to see real incidents and rapidly respond.”
”Hunters represents the future of security architectures, leveraging the performance and cost advantages of cloud data warehouses and Open XDR technology to deliver detection and response capabilities that were not historically possible on-premise,” said Alex Ferrara, partner at Bessemer Venture Partners. “Hunters’ unique ability to identify low-fidelity signals of an attack that are traditionally missed and automatically stitch them together into a contextual attack story is a game-changer that helps organizations better address their cybersecurity risk, specifically for companies undergoing rapid cloud expansion and business growth.”