Halcyon

Halcyon

Cybersecurity platform for ransomware protection

About Halcyon

Simplify's Rating
Why Halcyon is rated
A-
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Cybersecurity

Company Size

201-500

Company Stage

Series C

Total Funding

$198.4M

Headquarters

Austin, Texas

Founded

2021

Overview

Halcyon.ai provides a cybersecurity platform focused on preventing ransomware attacks and ensuring business continuity for organizations. The platform features automated encryption key capture and autonomous decryption, allowing businesses to quickly recover from ransomware incidents by decrypting infected devices immediately. Additionally, Halcyon includes a resilience engine that helps restore infected systems efficiently, setting it apart from competitors. The company also offers a Ransomware Readiness Report to help businesses assess their security vulnerabilities. Halcyon operates on a subscription-based model, generating revenue through fees based on the level of protection and size of the client’s operations.

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Simplify's Take

What believers are saying

  • $100M Series C funding boosts innovation and market expansion for Halcyon.
  • Partnerships with Verinext and Koncise enhance endpoint security capabilities.
  • Strategic investment from Cisco aids in scaling platform adoption and leveraging expertise.

What critics are saying

  • New ransomware variants like Cloak pose significant threats to Halcyon's clients.
  • Legal changes on ransomware payments could impact Halcyon's decryption-based business model.
  • Rapid rise of cybercriminal groups requires continuous adaptation from Halcyon.

What makes Halcyon unique

  • Halcyon's resilience engine offers rapid recovery from ransomware, a unique market feature.
  • The platform's automated decryption minimizes downtime, ensuring business continuity for clients.
  • Halcyon's Ransomware Readiness Report helps businesses identify vulnerabilities and improve security posture.

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Funding

Total Funding

$198.4M

Above

Industry Average

Funded Over

5 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Above Average

Industry standards

$50M
$50M
Medium
$62M
SeatGeek
$100M
Oura
$100M
Halcyon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Unlimited Paid Time Off

Parental Leave

Company Equity

Growth & Insights and Company News

Headcount

6 month growth

↑ 7%

1 year growth

↑ 0%

2 year growth

↑ 0%
Forbes
Jan 14th, 2025
New Amazon Ransomware Attack-'Recovery Impossible' Without Payment

New Codefinger ransomware poses high danger to data.Getty Images. Update, Jan. 14, 2025: This story, originally published Jan. 13, now includes analysis from security experts, as the nature of the Amazon threat has fully emerged, on how new plans to make ransomware payments illegal could impact victims of such cybercrimes, plus further mitigation advice. Ransomware is a cybersecurity threat that just won’t go away. Be it from groups such as those behind the ongoing Play attacks, or kingpins such as LockBit returning from the dead the consequences of falling victim to an attack are laid bare in reports exposing the reach of ransomware across 2024

Forbes
Dec 12th, 2024
New Windows Drive-By Security Attack-What You Need To Know

Beware this Cloak ransomware drive-by download threat to WindowsSOPA Images/LightRocket via Getty Images. Although little is known, in truth, about a cybercriminal actor employing what has become known as the Cloak ransomware threat, the group has risen rapidly to gain status as a significant player in the ransomware landscape since first emerging in 2022. Threat researchers at Halcyon have now analyzed the Cloak ransomware threat and uncovered a new and worrying variant that not only displays “sophisticated extraction and privilege escalation mechanisms” but also terminates processes related to both security and data backup tools. This new Cloak variant, Halcyon warned, can spread by way of dangerous drive-by downloads disguised as legitimate updates like Microsoft Windows installers. Here’s what you need to know.ForbesNew Windows 0Day Attack Strikes—Microsoft Warns Millions To Update NowBy Davey Winder. The Dangerous Windows Drive-By Threat That Is Cloak Ransomware

Koncise Solutions
Dec 3rd, 2024
Koncise Solutions Announces Partnership with Halcyon

Koncise Solutions announces partnership with Halcyon.

BankInfoSecurity
Nov 26th, 2024
Anti-Ransomware Firm Halcyon Gets $100M, Earns $1B Valuation

Halcyon was founded in 2021, employs 212 people and has raised $190 million in four rounds of outside funding, with the company closing a $40 million Series B led by Bain Capital Ventures in Dec. 2023.

Business Wire
Nov 26th, 2024
Halcyon Closes $100M Series C Funding Round at $1 Billion Valuation to Protect Society from Ransomware Disruption

Halcyon, a leading platform designed from day one to defeat ransomware, today announced it has closed $100M in Series C funding led by Evolution Equit

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