Halcyon – a leading platform designed from day one to defeat ransomware – recently announced it has closed a $40M Series B funding round led by Bain Capital Ventures (BCV). And the company also announced that BCV Partner and former Symantec CEO Enrique Salem will join the Board of Directors, and BCV Partner Jeff Williams will join as Chief Revenue Officer.
The oversubscribed funding round follows a $50 million Series A announced in April 2023, bringing total funding raised in 2023 to $90 million. The new funding will expand the company’s engineering, R&D, and sales functions. And Halcyon is aggressively targeting enterprise clients across all verticals with a specific focus on education, financial services, and healthcare.
Ransomware operators are now set to have the second most profitable year in 2023 (Department of Homeland Security’s 2024 Homeland Threat Assessment report). And Halcyon is the only anti-ransomware platform on the market built to prevent incoming attacks and mitigate the impact on the business.
Halcyon offers multi-layered prevention and endpoint resilience with automated encryption key material capture and autonomous decryption capabilities that provide organizations with peace of mind, knowing that their valuable data and systems are safeguarded. And Global 2000 companies rely on Halcyon to address gaps in existing endpoint platforms and reverse attacks to maintain business continuity.
Jeff Williams brings more than 25 years of operating experience and extensive expertise in infrastructure software and security, with a strong track record of enabling early-stage enterprise technology companies to scale and grow into market leaders. He joined from an Operating Partner role at BCV and successful tenures with most recently Armis (acquired by Insight Partners), FireEye (an IPO company), IronPort Systems (acquired by Cisco), and IrtruVert Networks (acquired by Intel).
KEY QUOTES:
“Halcyon is taking a revolutionary approach to stopping ransomware, not only delivering a robust prevention layer but giving organizations what they truly need – cyber resilience. The team has deep expertise and experience, and I look forward to joining them as they work to change the impact of ransomware, and ultimately, defeat it.”
- BCV Partner and former Symantec CEO Enrique Salem
“Too many organizations are simply adapting their endpoint products and applying them to the ransomware fight. This lack of purpose-built tooling is enabling ransomware’s unimpeded growth. This investment validates the impact Halcyon has had in combating ransomware and is proof-positive that ransomware is top-of-mind to leadership across industries today.”
- Jon Miller, CEO and Co-Founder, Halcyon
“Halcyon is a pioneer in the cybersecurity industry and the company has an extraordinary opportunity in front of it. I’m honored to be working alongside a leadership team of seasoned cybersecurity professionals at a pivotal moment in the fight against ransomware.”
- BCV Partner Jeff Williams – who will join as Chief Revenue Officer
