Total amount raised
$24.5 Millions
Latest funding date
10/01/2024
Location
Harmonic Security has successfully raised funds through a Series A round, attracting notable investors such as Claroty and Sysdig. The company specializes in zero-touch data protection tailored for the Generative AI era, offering innovative solutions to secure sensitive data without hindering innovation.
Keep reading to explore the intricacies of Harmonic Security's fundraising journey and the investors backing this cutting-edge platform.
What Is Harmonic Security?
Harmonic Security, founded in 2023, is a San Francisco-based company specializing in data protection for the Generative AI era. The company operates in industries such as Cyber Security, Generative AI, Internet, Network Security, and Security.
Founded by Alastair Paterson and Bryan Woolgar-O'Neil, Harmonic Security employs between 11 and 50 people. The company offers zero-touch data protection solutions, enabling organizations to secure sensitive data without hindering innovation.
How Much Funding Has Harmonic Security Raised?
- Seed Round
- Amount Raised: $7M
- Date: October 2023
- Lead Investors: Ten Eleven Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To launch the company and develop its innovative data protection technology.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2024
- Lead Investors: IQT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's early development and market presence.
- Series A
- Amount Raised: $17.5M
- Date: October 2024
- Lead Investors: Next47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the market introduction of their zero-touch data protection capabilities and scale up engineering and go-to-market efforts.
Total amount raised: $24.5M. Current valuation: Not publicly disclosed.
Key Investors
- Next47
- Details: Next47 is a global venture firm backed by Siemens, focusing on investing in startups that are shaping the future of industries.
- Investment Focus Areas: Industrial technology, automation, AI, cybersecurity, digital transformation.
- Notable Investments: Verkada, Markforged, Software AG.
- IQT (In-Q-Tel)
- Details: IQT is a not-for-profit strategic investor that accelerates the development and delivery of cutting-edge technologies to the U.S. intelligence and defense communities.
- Investment Focus Areas: Security, data analytics, AI, advanced materials.
- Notable Investments: Palantir Technologies, FireEye, Keyhole (acquired by Google).
- Ten Eleven Ventures
- Details: Ten Eleven Ventures is a venture capital firm that invests exclusively in digital security.
- Investment Focus Areas: Cybersecurity, data protection, network security.
- Notable Investments: Darktrace, Verodin, Cylance.
What's Next for Harmonic Security?
Harmonic Security stands at the cusp of significant growth, driven by the increasing adoption of Generative AI and the urgent need for advanced data protection solutions. The company is poised to redefine data protection by leveraging its zero-touch technology, which has already garnered substantial interest from enterprise customers.
With over $26 million in funding, Harmonic Security is well-positioned to scale its operations and enhance its technology. Future fundraising rounds could further accelerate their market presence and product development, making them a formidable player in the cybersecurity landscape.
However, the path ahead is not without challenges. The company must navigate competition from other AI-driven data protection firms and ensure their technology remains scalable and reliable. Addressing evolving data privacy regulations will also be crucial as they expand their customer base and market reach.
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