Halcyon is pleased to announce a strategic investment from Cisco Investments, which will be used to accelerate development and fuel adoption of the Halcyon anti-ransomware platform, bringing current Halcyon raises to over $90M to date.
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The investment furthers the Halcyon mission to defeat ransomware and reinforces the company’s position as a critical tool in the fight against ransomware and data extortion attacks.
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“Ransomware has been a perpetual cybersecurity painpoint 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.”
Ransomware remains on the rise, and existing prevention tooling is doing little to combat its growth. According to Halcyon research, two-thirds (66%) of organisations 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 organisations, and the business impact is potentially disastrous for organisations large and small.
The Halcyon anti-ransomware platform insulates organisations from disruptive ransomware attacks. Ransomware operators regularly bypass security prevention controls, but the unique Halcyon key material capture and automated decryption tooling prevent threat actors from triggering ransomware payloads.
Halcyon Data Exfiltration Prevention prevents threat actors from executing extortion campaigns. With multiple layers of defence, powered by next-generation artificial intelligence and machine learning, trained solely on ransomware, Halcyon eliminates the need to pay ransoms and enables organisations to defeat ransomware with minimal business disruption.
About Halcyon
Halcyon.AI is the leading anti-ransomware company. Global 2000 companies rely on the Halcyon platform to defeat ransomware with minimal business disruption through built-in bypass and evasion protection, key material capture, automated decryption, and data exfiltration and extortion prevention. Talk to a Halcyon expert today to find out more. Halcyon also publishes a quarterly RaaS (Ransomware as a Service) and extortion group reference guide, Power Rankings: Ransomware Malicious Quartile, and check out the Recent Ransomware Attacks resource site.
