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Anti-Ransomware Startup Halcyon Reaches Unicorn Status After $100M Series C

Illustration of cyber thief on popular devices.

Not even the holiday season can stop cyber fundraising it seems.

Anti-ransomware firm became the latest cyber startup to raise big, locking up a $100 million Series C led by that values the company at $1 billion.

The round also saw participation from , , , and others.

The Austin, Texas-based startup has developed a platform that uses artificial intelligence and machine learning trained on ransomware to reverse the effects of a ransomware attack 鈥 making sure businesses鈥 operations are never actually impacted by an attack.

While it is estimated companies were extorted for more than through ransomware, no Halcyon customers have paid a ransom demand, the company said.

鈥淩ansomware is unique in cybercrime because of its tangible impact on everyday people,鈥 said co-founder and CEO in a . 鈥淩ansomware represents the most prescient cybersecurity threat to organizations large and small, and now the threat has expanded to include the extortion of individuals whose sensitive data has been compromised.鈥

Big rounds pour in

Halcyon鈥檚 big round is just the latest among cyber startups.

Just last week, data security startup closed a $300 million Series D led by and at a $3 billion valuation.

Late last month, closed a $200 million Series D led by and that valued the company at $4.2 billion.

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