Horizon3.ai Secures $100M in New Funding Round
▼ Summary
– Horizon3.ai is raising $100 million in a new funding round, with $73 million already secured, according to an SEC filing.
– NEA led the funding round, and the startup is reportedly valued at over $750 million with $30 million in annual recurring revenue.
– This marks NEA’s second major cybersecurity investment in a month, following Veza’s $108 million funding round in April.
– Horizon3.ai previously raised $40 million in a Series C round in 2023 to expand R&D, channel presence, and engineering teams.
– The startup, founded by former U.S. Special Operations cyber experts, recently received FedRAMP authorization and reported 101% year-on-year revenue growth.
Horizon3.ai, a rising star in the cybersecurity sector, has successfully secured a substantial $100 million in its latest funding round, with $73 million already confirmed through recent SEC filings. The investment underscores growing confidence in automated security solutions as digital threats become increasingly sophisticated.
Industry sources indicate that New Enterprise Associates (NEA) spearheaded the round, though neither the firm nor Horizon3.ai has publicly commented. One insider suggested the startup’s valuation could exceed $750 million, though it remains unclear whether this figure reflects pre- or post-money terms. Another source noted Horizon3.ai may close the full $100 million target while generating approximately $30 million in annual recurring revenue, signaling strong market traction.
This marks NEA’s second major cybersecurity bet in recent weeks, following its participation in Veza’s $108 million funding round last month. Horizon3.ai’s latest capital infusion builds on its $40 million Series C round in August 2023, led by Craft Ventures with SignalFire’s backing. At the time, CEO Snehal Antani emphasized plans to accelerate R&D, expand partnerships, and grow engineering talent—objectives likely reinforced by this new funding.
Founded in 2019 by Antani, a former Splunk CTO and U.S. Special Operations cybersecurity leader, Horizon3.ai specializes in autonomous penetration testing to combat AI-driven threats. Its team blends military-grade expertise with cutting-edge technology, positioning the company as a formidable player in enterprise security.
Recent milestones include FedRAMP authorization, granting access to lucrative government contracts, and reported 101% year-over-year revenue growth in February. While exact figures weren’t disclosed, the company also surpassed 150% of its Q4 pipeline targets, reflecting robust demand for its AI-powered defense solutions.
As cyber risks escalate, Horizon3.ai’s latest funding positions it to scale its offerings and solidify its role in safeguarding organizations against next-generation threats.
(Source: TechCrunch)
