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 Differentiation

Industries

Cybersecurity

Company Size

201-500

Company Stage

Series C

Total Funding

$210M

Headquarters

Austin, Texas

Founded

2021

Overview

Halcyon provides a cybersecurity platform focused on preventing ransomware attacks and ensuring business continuity for organizations. Its main product is an Anti-Ransomware and Cyber Resilience Platform that offers automated encryption key capture and autonomous decryption capabilities. This means that if a ransomware attack occurs, the platform can quickly decrypt affected devices, reducing downtime and potential losses. Additionally, Halcyon features a resilience engine that helps recover infected systems swiftly, setting it apart from competitors. The company also provides a Ransomware Readiness Report to help businesses assess their security posture. Halcyon operates on a subscription-based model, generating revenue from clients who pay for access to its services. The goal of Halcyon is to protect businesses from cyber threats and ensure they can operate without interruption.

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Simplify's Take

What believers are saying

  • Halcyon secured $100M in Series C funding, boosting its growth potential.
  • Partnerships with Aliado Solutions and Verinext enhance Halcyon's ransomware protection capabilities.
  • Increased demand for ransomware protection due to sophisticated threats like Cloak.

What critics are saying

  • Emergence of new ransomware variants like Cloak challenges Halcyon's platform effectiveness.
  • Potential legal changes on ransomware payments could impact Halcyon's business model.
  • Dependency risks from partnerships if collaborations don't yield expected results.

What makes Halcyon unique

  • Halcyon offers a unique Anti-Ransomware and Cyber Resilience Platform.
  • The platform includes automated encryption key capture and autonomous decryption capabilities.
  • Halcyon's resilience engine provides rapid recovery of infected systems.

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Funding

Total Funding

$210M

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

-2%

1 year growth

0%

2 year growth

-1%
Help Net Security
Feb 25th, 2025
Halcyon RDR boosts ransomware protection for organizations

Halcyon announced Halcyon Ransomware Detection and Recovery (RDR), a no-cost integrated service that is now included with every deployment of the Halcyon Anti-Ransomware Platform.

Aliado Solutions
Feb 20th, 2025
Strengthening Cybersecurity: How Aliado Solutions and Halcyon.ai Are Combating Ransomware Together

By integrating Halcyon.ai's cutting-edge technology with Aliado Solutions' expertise, Aliado Solutions offer a unified approach to combat ransomware.

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.

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