“The startup said the Series A funding was led by SYN Ventures, a renowned investment company that gives early-stage funding to cybersecurity companies. Halcyon also took on equity investments from Corner Capital and Dell Technologies Capital.”
Halcyon, a startup based in Texas, US, developing an anti-ransomware engine powered by AI that will help companies ward off data extortion attacks, has got $50 million in funding from known venture capital investors.
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The startup said the Series A funding was led by SYN Ventures, a renowned investment company that gives early-stage funding to cybersecurity companies. Halcyon also took on equity investments from Corner Capital and Dell Technologies Capital.
The new funding gives a boost to Halcyon to accelerate the development and adoption of what it is calling a “cyber resilience platform” built to defeat extortion and ransomware campaigns.
Halcyon is marketing a platform that ensures a multi-layered approach to defeat ransomware and it is developed using a lightweight engine that merges prevention engines with AI models trained solely on ransomware.
Pre-execution ransomware prevention is a feature that uses AI/ML engines to identify and avoid any known bad executables such as off-the-shelf commodity ransomware and forwards unknown but skeptical executables to the extra security layers for further analysis.
Jon Miller, the Co-Founder, of Halcyon, said, “We engineered to embrace failure as a core concept of protection. Stopping ransomware requires multiple prevention and detection techniques, all trained extensively on years of actual ransomware attacks.”
Halcyon has also provided features to trick ransomware into revealing or aborting the attack by exploiting features hardcoded in the ransomware itself.
