Total amount raised
$90 Millions
Latest funding date
07/01/2022
Location
Title
Halborn has successfully raised significant funding to advance its blockchain and Web3 security solutions. The company offers a range of services, including advanced penetration testing, smart contract audits, and security advisory services.
Keep reading to explore the details of Halborn's funding journey and the investors who are backing this innovative security firm.
What Is Halborn?
Halborn, founded in 2019, is a leading blockchain and Web3 security firm based in Miami, Florida. The company was established by Rob Behnke and Steven Walbroehl, who bring extensive experience in cybersecurity and blockchain technology.
Halborn specializes in providing comprehensive security solutions, including smart contract audits, advanced penetration testing, and security advisory services. Their expertise is trusted by top financial institutions and leaders in the Web3 ecosystem.
With a growing team of over 50 employees, Halborn continues to innovate and set industry standards in digital asset security.
How Much Funding Has Halborn Raised?
- Amount Raised: $90 million
- Date: July 2022
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funds will be used to expand Halborn's global team of offensive security engineers and to build its Halborn Labs division, which aims to accelerate the development of SaaS security products.
Halborn has raised a total of $90 million. The current valuation is not publicly disclosed.
Key Investors
- Summit Partners
- Details: Summit Partners is a global alternative investment firm that invests in growth equity, fixed income, and public equity opportunities. They have a strong track record of supporting high-growth companies.
- Investment Focus Areas: Growth equity, fixed income, public equity.
- Notable Investments: Uber, Avast, McAfee.
- Castle Island
- Details: Castle Island is a venture capital firm that focuses on public blockchains. They aim to support the development of decentralized financial systems.
- Investment Focus Areas: Public blockchains, decentralized finance, cryptocurrency.
- Notable Investments: BlockFi, River Financial, Casa.
- Digital Currency Group
- Details: Digital Currency Group builds and supports bitcoin and blockchain companies by providing investment and advisory services. They are a major player in the cryptocurrency space.
- Investment Focus Areas: Bitcoin, blockchain companies, cryptocurrency.
- Notable Investments: Coinbase, Ripple, BitPay.
- Brevan Howard
- Details: Brevan Howard is a hedge fund management company known for its expertise in macro trading. They manage assets for institutional investors globally.
- Investment Focus Areas: Hedge funds, macro trading, institutional investments.
- Notable Investments: Not publicly disclosed.
- Third Prime
- Details: Third Prime is a venture capital firm that invests in early-stage companies. They focus on innovative startups with high growth potential.
- Investment Focus Areas: Early-stage companies, technology, innovation.
- Notable Investments: Not publicly disclosed.
What's Next for Halborn?
Halborn is poised to capitalize on the burgeoning demand for cybersecurity in the Web3 space. With the recent $90 million funding, the company plans to expand its global team and accelerate the development of SaaS security products through Halborn Labs. This expansion aligns with industry trends that emphasize the importance of robust security solutions for blockchain and decentralized applications.
Future fundraising opportunities seem promising, given the strong backing from high-profile investors like Summit Partners and Digital Currency Group. However, Halborn will need to navigate the rapidly evolving landscape of cybersecurity threats and maintain its competitive edge. Scaling operations while ensuring top-notch security standards will be crucial for sustained growth.
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