Halcyon Secures Strategic Funding from Cisco Investments to Scale Adoption of Groundbreaking Anti-ransomware Platform
2024年8月1日 - 1:00AM
ビジネスワイヤ(英語)
Additional Financing Furthers Company Goal of
Reducing Ransomware Risk to Zero
Halcyon, a leading platform designed from day one to defeat
ransomware, today announced a strategic investment from Cisco
Investments. The financing will be used to accelerate development
and fuel adoption of the Halcyon anti-ransomware platform,
furthering Halcyon’s mission to defeat ransomware and reinforcing
the company’s position as a critical tool in the fight against
cybercrime. Halcyon has raised over $90M to date.
“The support from Cisco Investments reinforces our position as
the crucial piece of the puzzle in the battle against cybercrime,”
said Jon Miller, CEO and Co-founder, Halcyon. “Concerns about
ransomware are at the forefront for boards and executives
everywhere and Halcyon’s approach is the most impactful method of
disrupting ransomware and protecting organizations.”
Ransomware remains on the rise and existing prevention tooling
is doing little to combat its growth. According to Halcyon
research, two-thirds (66%) of organizations report being hit
multiple times within the last 24-months while 58% report regularly
losing sensitive data, putting them at risk of regulatory action
and lawsuits. Furthermore, nearly two-thirds (62%) report major
business disruption as a result of ransomware, with delays of
between two and six months. The reality is that ransomware attacks
have become a matter of when not if for most organizations and the
business impact is potentially disastrous for organizations large
and small.
“Ransomware has been a perpetual Cybersecurity pain-point for
enterprises across the world,” said Janey Hoe, vice president,
Cisco Investments. “Halcyon's deployment of bespoke artificial
intelligence models to proactively identify ransomware strains, as
well as instantaneous recovery of hijacked data, represents a
robust AI enabled response to an endemic problem. We are proud to
have Halcyon become a part of our $1B global AI-investment fund,
announced earlier this year.”
Halcyon’s dedicated anti-ransomware platform insulates
organizations from impacts of ransomware even in the event of a
successful attack. Ransomware operators regularly bypass security
prevention controls, but Halcyon’s unique key material capture and
automated decryption tooling prevents threat actors from triggering
ransomware payloads, while Halcyon exfiltration prevention prevents
threat actors from executing extortion campaigns. With multiple
layers of defense, powered by next-generation artificial
intelligence and machine learning, trained solely on ransomware,
Halcyon eliminates the need to pay ransoms and enables
organizations to defeat ransomware with minimal business
disruption.
For further information visit: www.halcyon.ai
ABOUT HALCYON Halcyon is the
leading anti-ransomware company. Global 2000 companies rely on the
Halcyon platform to fill endpoint protection gaps and defeat
ransomware with minimal business disruption through built-in bypass
and evasion protection, key material capture and automated
decryption, and exfiltration and extortion prevention. The Halcyon
platform not only armors endpoints, reducing the chances of a
successful attack, but delivers true ransomware resilience ensuring
that organizations can recover.
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version on businesswire.com: https://www.businesswire.com/news/home/20240731483973/en/
Media Will Clark fama PR for
Halcyon halcyon@famapr.com