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Series D, led by Kleiner Perkins, Meritech Capital, and existing investor Sapphire Ventures, more than doubles ĢTV’ valuation beyond $1.5B
COLUMBIA, MD - June 18, 2024 - ĢTV, the pioneering force in cybersecurity for small businesses to small enterprises and the Service Providers that support them, announced a significant milestone with the closure of a $150 million Series D funding round led by , , and existing investor . This latest infusion of capital will power cutting-edge endpoint, identity, cloud, and SaaS security research alongside strategic acquisitions—reinforcing ĢTV’ commitment to fortify the critical businesses that comprise the backbone of the global economy.
In addition to building and acquiring disruptive new products, ĢTV is relentlessly evolving its highly-demanded ĢTV Managed Security Platform with fully autonomous capabilities while racing to fuel its go-to-market engine to reach this underserved and under-protected market before cybercriminals do. This substantial investment will further strengthen ĢTV’ mission to protect the most vulnerable companies that make up 99% of all businesses and minimize any downtime malicious hackers attempt to inflict on their victims.
“Everyone deserves the ability to protect themselves and their employees’ livelihoods. This is the ‘why’ that supercharges my team to work around the clock and democratize access to the tools and talent typically built for the enterprise. I’m pumped to double-down with Sapphire and add two high-caliber firms, Kleiner Perkins and Meritech Capital, to the fight, as this capital will directly help us continue wrecking hackers and elevating the world’s critical businesses and their managed service provider allies,” said Kyle Hanslovan, CEO and Co-Founder of ĢTV.
The new investment follows years of meteoric growth as ĢTV continues its over 70% year-over-year revenue growth for the past two years. Additionally, the demand for ĢTV products is evident in customer validation, being voted the for the 8th consecutive season and the by customers in G2 rankings earlier this year. This customer fanbase puts ĢTV at the doorstep of becoming a centaur in cybersecurity as they approach $100M ARR and nearly 3.5 million endpoints and identities protected.
The ĢTV Managed Security Platform empowers businesses by combining a purpose-built platform comprised of Endpoint Detection and Response, Identity Threat Detection and Response, Security Awareness Training, and a much-anticipated SIEM, with a world-class, expert Security Operations Center (SOC) that offers around-the-clock coverage with human expertise that software-only solutions can’t match.
Casber Wang, Sapphire Ventures: “ĢTV has emerged as a clear outlier in a world where SMBs, the foundation of our global economy, have been chronically underserved. Since leading the company's Series C, we've witnessed first-hand the relentless dedication ĢTV brings to elevating the security of SMBs through its platform and people. Their customers are also their biggest fans — just one of several reasons why we're thrilled to deepen our commitment with Kyle and the ĢTV team on this next phase of growth."
Everett Randle, Kleiner Perkins: "From our very first meeting, it was clear that Kyle and the ĢTV team had a profound understanding of and empathy for their customers and partners. Combined with their passion for building remarkable products, the team has created a rapidly growing cybersecurity platform supported by a large & fiercely loyal community. We’re thrilled to support the team as they accelerate their ability to innovate & ship products that serve this historically neglected market."
Alex Kurland, Meritech Capital: “Since its inception, ĢTV has been steadfast in its mission to elevate and empower businesses, and their mission has proven successful. We are impressed with the company’s growth and are excited to support this amazing team as they continue to reach more MSPs and businesses globally and enter new mid-market industries.”
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About ĢTV
ĢTV is a leading cybersecurity company focused on protecting and empowering small businesses to mid-sized enterprises. Combining the power of the ĢTV Managed Security Platform with a human-led 24/7 Security Operations Center (SOC), ĢTV provides the top-rated technology, services, education, and expertise needed to help companies overcome cybersecurity challenges and protect critical business assets. For more information about ĢTV, visit www.huntress.com and follow us on , , and .
Contacts:
Valerie Baccei
+1 (650) 400-7833
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