Horizon3.ai has announced a $40M cash injection of Series C funding led by Craft Ventures.
Signal Fire also participated in the round, and it is expected that the capital will be used to build out Horizon3.ai’s enterprise-wide, proactive security platform, expand channel and partner presence and meet the growing demand of customers worldwide.
Since its inception in late 2019, Horizon’s NodeZero platform has quickly become a leading industry tool, helping customers quickly verify their security risks and reduce their chances of succumbing to cyberattacks.
Snehal Antani, founder and CEO of Horizon3.ai. said: “Being a CISO has never been tougher. Enterprises must now deal with securing their on-prem infrastructure, multiple clouds, hundreds of SaaS services, and IoT assets. Attackers have their eyes on increasingly critical infrastructure like satellites, connected vehicles, fighter jets, and industrial control systems.
“What’s more, attackers don’t have to ’hack in’ using Zero Days like you see in the movies. Often, they are able to log in using easily guessable or breached employee passwords.
“Customers turn to us to discover their exploitable attack paths, help fix their riskiest issues, and verify that their fixes worked before they fall into the crosshairs of attackers.
“My former Commanding General often said, ‘Don’t tell me we’re secure, show me, then show me again tomorrow, and then again next week because our environment is constantly changing and our enemy is always evolving.
“Looking at your enterprise through the eyes of the attacker, assuming breaches will happen, and continuously verifying your security posture are critical pillars for building secure organizations, and Horizon3.ai is leading the way.”
Craft Ventures claim that their interest in the leading provider of autonomous security solutions was due to its innovative approach.
Bil Harmer, 5-time CISO and Operating Partner at Craft Ventures said: “The move from point-in-time to continuous pentesting has been occurring over the last several years. Horizon3.ai’s knowledge graph approach is the most scalable and effective method I’ve witnessed to automate these processes in a way that truly mimics the behaviors of a certified pentester.
“We’re excited about the value Horizon3.ai will bring to customers as they add more capabilities on top of their unique data set that doesn’t exist commercially today.”
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