Horizon3.ai is a venture-funded cybersecurity startup founded in 2019. Having just crossed the halfway mark, it’s on the verge of becoming the largest successful $100 million+ crowdfunding round in history. The company is widely recognized for its innovation, pioneering the first autonomous penetration testing. To do all that it has raised at least $73 million already to do so. This new round of funding will accelerate the growth of Horizon3.ai’s R&D, channel footprint and engineering staff.
Founded by a team of former U.S. Special Operations cyber operators, entrepreneurs, and cybersecurity experts, Horizon3.ai has positioned itself as a leader in the cybersecurity landscape. The startup takes a unique approach to the problem, fusing its military-grade expertise and cutting-edge technology to help strengthen an organization’s security posture. The leadership of the company’s co-founder and CEO, Snehal Antani, has been the foundation for its evolution and creativity.
In August 2023, Horizon3.ai came through with a huge $40 million in Series C funding. It was led by Craft Ventures, with heavy participation from SignalFire. Having raised a total of $78.5 million to date, the company is a testament to the investor confidence and market potential in this space.
The startup has posted strong financial performance since then, recently announcing 101% YOY revenue growth as of February. It has gone past 150% of its Q4 pipeline goals and now has about $30 million in annual recurring revenue. Metrics like these point to strong demand for its cybersecurity solutions in the rapidly growing digital world where companies place a strong emphasis on security.
Announcing our recent attainment of FedRAMP authorization, a major milestone for Horizon3.ai This certification allows the company to market its software solutions directly to federal agencies. This authorization will surely create many new opportunities for growth, but it highlights the trustworthiness and reliability of its offerings.
As cyber threats become more sophisticated, Horizon3.ai’s commitment to innovating cutting-edge security tools is essential now more than ever. The company’s strategic enhancements to its R&D and engineering teams will enable it to create innovative solutions that address the complex challenges faced by organizations today.
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