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Huntress Scores $40M Funding, Plans International Expansion

Managed detection and response (MDR) platform provider Huntress on Thursday announced the closing of a $40 million debt financing round to speed up global expansion plans.

The latest funding was led by CIBC Innovation Banking and brings the total raised by the Maryland start-up to $100 million.

Huntress, based in Ellicott City, said the new financing will be used to shop for acquisition opportunities and to speed up expansion into international markets across Canada, the U.K., Europe, Australia and New Zealand.

Huntress investors include Forgepoint Capital, Gula Tech Adventures and JMI Equity.

[ READ: Huntress Spends $22M for Security Awareness Training Startup ]

“Huntress is growing faster than ever,”  Huntress chief executive Kyle Hanslovan said in a statement announcing the new funding. “This investment will help us continue innovating as we further our mission to protect small and midsize businesses.”

Earlier this year, Huntress shelled out $22 million to acquire Curricula, a transaction that provided an instant entry into the lucrative security awareness business.  

Huntress, which was widely credited with discovering the Kaseya supply chain hack against MSPs, said it used the Curricula tool internally for its own employee security training before deciding to buy the company outright.

Huntress also acquired endpoint detection and response (EDR) technology from a startup named Level Effect to expand and strengthen its capabilities.

Related: MDR Firm Huntress Raises $40 Million in Series B Funding Round

Related: Huntress acquires Level Effect technology

Related: Huntress Acquires Security Awareness Training Startup Curricula

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Ryan Naraine is Editor-at-Large at SecurityWeek and host of the popular Security Conversations podcast series. Ryan is a veteran cybersecurity strategist who has built security engagement programs at major global brands, including Intel Corp., Bishop Fox and GReAT. He is a co-founder of Threatpost and the global SAS conference series. Ryan's past career as a security journalist included bylines at major technology publications including Ziff Davis eWEEK, CBS Interactive's ZDNet, PCMag and PC World. Ryan is a director of the Security Tinkerers non-profit, an advisor to early-stage entrepreneurs, and a regular speaker at security conferences around the world. Follow Ryan on Twitter @ryanaraine.