Security startup Horizon3.ai is raising $100M in new round
NEA led the round, according to two people familiar with the deal. One person said that the startup is believed to be valued upward of $750 million, although TechCrunch couldn't verify whether that valuation is pre- or post-money. Another person believes the company did (or will) sell the whole $100 million, and added that the company is generating about $30 million in annual recurring revenue. Neither Horizon, nor NEA responded to TechCrunch's requests for comment.
With this deal, Horizon3.ai becomes NEA's second major cybersecurity startup investment in less than a month, following Veza's $108 million funding round at an $800 million valuation announced in April.
In August 2023, Horizon3.ai raised $40 million in a Series C round led by Craft Ventures with participation from SignalFire. That round brought the startup's total fundraising to $78.5 million and was aimed to expand its R&D, channel presence, and team of engineers, co-founder CEO Snehal Antani told TechCrunch at the time.
Founded in 2019, Horizon3.ai comprises a team of former U.S. Special Operations cyber operators, entrepreneurs, and cybersecurity experts. Before launching the startup, Antani served as CTO at Splunk and led teams within the U.S. Military's Joint Special Operations Command.
With all things AI being deployed across the tech world, AI-powered automated attacks are also on the rise. The San Francisco-based startup Horizon3.ai helps protect against such attacks with its autonomous threat detection tools.
Earlier this month, Horizon3.ai received FedRAMP authorization, enabling it to sell its wares to federal agencies. It also announced in February that it saw 101% year-on-year revenue growth and exceeding 150% of its Q4 pipeline targets, without sharing specific numbers.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Digital Trends
17 minutes ago
- Digital Trends
This trending deal at Best Buy gets you a MacBook for under $700
Whether you're going back to college or just need a new MacBook, now seems to be the time to buy. Rare Apple deals are popping up everywhere as the school bells start to ring and shoppers are making tariff-affected decisions. Let's look at just one of these deals today, and a darn good one at that. Presently, you can get a 13-inch MacBook Air Laptop with an M2 chip for just $699. That's a new MacBook for under $700, and a savings of $100 off the usual $799. Tap the button below to see it yourself, or keep reading to remind yourself of the capabilities of the M2 chip, as well as see more about what the laptop is capable of in full. Why you should buy the MacBook Air M2 Despite what Apple may want you to think, it's the numbers that make up a laptop. This 13-inch MacBook Air M2 Laptop has 16GB of RAM, 256GB of SSD storage, and a battery life that goes up to 18 hours. All for less than $700 while this deal is on. Then there's the 2560 x 1664 resolution screen (which will look great on 13-inches), Thunderbolt ports, and even a (rare for Apple) headphone jack. Great, great, and great. Clearly, this laptop has good stats. One thing that may worry you, however, is the fact that it has an M2 chip. The latest MacBooks have an M4 chip, after all. But is 2 really half of 4? Not necessarily. Beyond our Apple M2 chip explainer, which explains that the chip supports up to 24GB of RAM (among other stats), there's an incredibly great resource that compares the M2 vs the M3 chip. While there's a lot of nitty gritty, the key line is this: 'There's much less of a difference between the M3 MacBook Air and the M2 MacBook Air than in the previous generation jump.' You're still getting incredibly quality from the MacBook Air M2, beyond what numbers may suggest. The 13-inch MacBook Air with an M2 chip at $699 is undoubtedly a good deal. And, it's yours (along with the $100 in savings off of the usual $799 price) if you tap the button below. Alternatively, check out these other amazing laptop deals if you want to scout for something outside of the Apple ecosystem.
CBS News
18 minutes ago
- CBS News
Northwestern, UChicago named in lawsuit claiming university early decision agreements are anticompetitve
The University of Chicago and Northwestern University are both named in a lawsuit accusing top U.S. colleges of using the popular early admissions process to inflate tuition costs. The class-action lawsuit accuses 32 elite U.S. schools of violating antitrust laws. Five of the eight Ivy League universities are also named, among several others. The universities named in the lawsuit all use the Common app and/or Scoir/the Coalition app, the lawsuit said. All the universities also are or were members of the Consortium on Financing Higher Education. The plaintiffs claim students who commit to a school early are prevented from receiving competitive offers from other schools, and are locked into tuition and financial aid agreements. This is despite the fact that a prospective student's early decision agreement with a university is not legally binding — with universities describing it as an "honor-bound agreement" with "ethical" obligations, but without legal standing, the lawsuit said. The lawsuit said the universities benefit from early decision agreements not being legally binding — as they allow universities to revoke acceptance for students who do not finish their senior years of high school with grades commensurate with their interim transcripts, and also allow schools to change their programs of study and other terms of service without students having legal recourse. "Without binding contracts, participating colleges are also not contractually bound to any price terms vis-à-vis admitted students and can charge the tuition they deem appropriate, or offer any student financial aid packages they deem appropriate without facing legal claims that implied financial terms were violated," the lawsuit said. Nevertheless, students who enter early decision agreements are essentially bound to the schools that offered them, the lawsuit said. The lawsuit called early decision agreements anticompetitive. "A school has no legal, moral, academic, or self-interest-based reason not to compete for students offered admission at other schools through Early Decision, any more than it does to refrain from competing for students offered admission by other schools through the regular admissions process," the lawsuit said. "Yet the Defendant Schools have mutually agreed not to compete for students accepted through Early Decision, which both raises prices for tuition and other services and entrenches a system widely acknowledged to be unfair and harmful." The suit seeks to end the early admissions practice. CBS News Chicago has reached out to both Northwestern and UChicago for comment.
CBS News
18 minutes ago
- CBS News
Sonoma properties being sold off after alleged Ponzi scheme falls apart
A Sonoma man is suspected of running a real estate Ponzi scheme in the North Bay, and the properties he allegedly bought with other people's money are now going on the bankruptcy auction block. In about 2021, people began noticing that a real estate investment company was buying all kinds of properties in the town of Sonoma, often leaving them vacant. It turns out the company was a house of cards, and now that it's collapsed and the bankruptcy sales have begun, it's leaving both the city and the investors wondering what the future holds for them. His name is Ken Mattson, and the U.S. Attorney's Office said he was arrested in May on suspicion of defrauding hundreds of investors. He and his business partner Tim LeFever began buying up dozens and dozens of homes and commercial properties in and around the town of Sonoma. "His plan was to tear it down and rebuild something, promising that everyone could come back after it was rebuilt," said Sonoma resident David Eichar, as he flipped through pictures of small houses. "But it's just been sitting vacant." And he said Mattson didn't seem to mind paying above market rate for a lot of them. Eicher and friend Lisa Storment said they got suspicious and started a group called "Wake Up Sonoma" to investigate the matter. "So, he's buying property over value," said Eichar. "Then, we're like, how can you be making money off these things when he's paying so much for them?" It turns out he wasn't. His investors, many who were elderly and recruited through churches, were sending LeFever and Mattson money that they may never get back. When the company collapsed, Maria Crane lost virtually everything she and her husband had saved for their retirement. "We got statements saying our increases, and he was making up that information. But we thought we were safe, we're getting statements," she said. "They were our financial advisors, and we thought we were planning well. And now, we are scrambling to make ends meet." Now, at 65, Crane has gone back to teaching and her husband, at age 70, will have to keep working, as well. The town has also paid a price. Many of the properties sit empty, their fates tied up in the courts. One familiar business, the Sonoma Cheese Factory has since reopened under a new buyer. But when it was owned by Mattson, the once-popular specialty deli was hit with a boycott from the community. "Looks more like the beloved Cheese Factory that we used to know and love," said Storment, as she walked through the store. "I mean, if the right person takes ownership of some of these beloved historic buildings, they can, they'll get a lot of community support." Mattson was arrested after his own partner accused him of defrauding investors. He faces nine counts of wire fraud, money laundering and obstruction of justice and is currently free on $4 million bail. Crane said she actually prayed for him to be arrested, but now that the prayer has been answered, there is also a bitter irony. Because Mattson, too, is a co-investor in some of the properties, he stands to get a portion of whatever is generated through the bankruptcy property sales. "Whatever Ken uses for his own legal defense comes out of whatever pot is left. That could go back to investors and creditors," said Crane. "So, of course, we don't want to pay for the defense of the man that has committed a crime against us and stolen our livelihood." So far, six LeFever-Mattson properties have now been sold out of bankruptcy with dozens more to follow. And just as their initial purchases artificially raised the price of real estate in town, now their deflated sales prices are likely to bring down the value of their neighbors' homes.
