Hunters announced a $68 million Series C round led by Stripes, with participation from new investors DTCP, Cisco Investments, and Databricks, as well as existing investors YL Ventures, Bessemer Venture Partners, Microsoft’s venture fund M12, US Venture Partners, Blumberg Capital, and Snowflake Ventures. The additional capital increases Hunters’ total commitment at $118 million.
Hunters’ Security Operations Center (SOC) Platform enables security teams to automatically identify and respond to critical occurrences across the entire threat surface.
The company says that global firms, including Fortune 500 companies in financial services, media, retail, and manufacturing, using Hunters to replace their SIEM as their primary SOC platform.
The capacity of hunters to ingest and standardize data from all security data sources reliably is critical for detecting and halting intrusions. Its integrated detection engineering, data correlation, and automated investigation capabilities assist security teams in overcoming the challenges of volume, complexity, and false positives.
“The SIEM market is about $4.3 billion and is ripe for disruption,” said Uri May, CEO and co-founder of Hunters, “since it drives limited security outcomes for its customers. Players in this category focus on data ingestion and leave customers to build their own detection engineering and investigation capabilities or have significant gaps in scale and pricing models. Hunters was purpose built to help the overly stressed security teams mitigate real security incidents faster and more effectively.”
“We are confident that Hunter’s team are poised to conquer one of the largest markets in security, as customers seek a modern solution that makes life easier for security teams,” said Ken Fox, Stripes founder and partner and Hunters board member. “2021 was a watershed year for Hunters,” Fox added, “as the company more than quadrupled their ARR, and we’re pleased to see them continue this pace in the following year.”