Total amount raised
$200.6 Million
Latest funding date
10/01/2024
Location
HUMAN Security has successfully raised funding over 12 rounds, with the latest round involving five investors, including WestCap as a lead investor. The company is backed by 18 investors, with recent contributions from NightDragon and Vertex Ventures US.
HUMAN's fundraising journey reflects its commitment to protecting digital interactions from fraud and sophisticated bot attacks. Keep reading to explore the intricacies of HUMAN's fundraising journey and the investors backing this innovative platform.
What Is HUMAN?
HUMAN Security is a cybersecurity company based in New York, New York, specializing in protecting digital interactions from fraud and sophisticated bot attacks. The company operates in various sectors, including advertising, artificial intelligence, cybersecurity, fraud detection, internet, security, and software.
With an employee count ranging from 251 to 500, HUMAN Security has been acquired by Goldman Sachs Merchant Banking Division. The company has raised funding through 12 rounds and has 18 investors, with NightDragon and Vertex Ventures US being the most recent. HUMAN Security also has multiple locations, including Santa Clara, Miami, Dallas, Tel Aviv, and London.
How Much Funding Has HUMAN Raised?
- Series A
- Amount Raised: USD 7,000,000
- Date: May 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation for growth and development in the cybersecurity sector.
- Series A
- Amount Raised: USD 11,093,068
- Date: June 2014
- Lead Investors: Grotech Ventures, Paladin Capital Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the company's cybersecurity solutions and market reach.
- Series B
- Amount Raised: USD 20,000,000
- Date: September 2016
- Lead Investors: Grotech Ventures, Paladin Capital Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series C
- Amount Raised: USD 43,000,000
- Date: February 2019
- Lead Investors: Scale Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in advanced cybersecurity technologies.
- Series D
- Amount Raised: USD 57,000,000
- Date: February 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market presence and enhance its cybersecurity platform.
- Series Unknown
- Amount Raised: USD 100,000,000
- Date: January 2022
- Lead Investors: WestCap
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop bot mitigation technology and expand the company's capabilities.
- Series Unknown
- Amount Raised: USD 8,500,000
- Date: May 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and technological advancements.
- Series Unknown
- Amount Raised: USD 50,000,000
- Date: October 2024
- Lead Investors: WestCap
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth, enhance the Human Defense Platform, and deepen public sector engagement.
Total Amount Raised: USD 296,593,068. Current Valuation: Not publicly disclosed.
Key Investors
- WestCap
- Details: WestCap is a strategic operating and investing firm that partners with visionary leaders to build generational businesses. They manage over $6 billion in assets.
- Investment Focus Areas: Strategic operating, generational businesses, various industries.
- Notable Investments: Airbnb, StubHub, Addepar.
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They offer a wide range of financial services worldwide.
- Investment Focus Areas: Investment banking, securities, investment management, consumer banking.
- Notable Investments: Various across multiple sectors.
- ClearSky
- Details: ClearSky is a venture capital and growth equity firm focused on cybersecurity, industrial security, and energy technology. They invest in companies that protect critical infrastructure.
- Investment Focus Areas: Cybersecurity, industrial security, energy technology.
- Notable Investments: Various in cybersecurity and technology sectors.
- NightDragon
- Details: NightDragon is a venture capital firm that focuses on growth and late-stage investments in cybersecurity, safety, security, and privacy industries. They are led by David DeWalt, a notable figure in the cybersecurity industry.
- Investment Focus Areas: Cybersecurity, safety, security, privacy.
- Notable Investments: Various in cybersecurity and related sectors.
- Vertex Ventures US
- Details: Vertex Ventures US is an early-stage venture capital firm investing in enterprise and consumer technology sectors. They are part of the global Vertex Ventures network.
- Investment Focus Areas: Enterprise technology, consumer technology.
- Notable Investments: Various in technology sectors.
What's Next for HUMAN?
HUMAN Security stands at the cusp of significant growth opportunities, driven by its recent $50 million funding round. The company aims to enhance its Human Defense Platform with advanced AI techniques, improve digital account protections, and expand media security solutions. These advancements will not only solidify its position in the cybersecurity market but also open new avenues in the public sector, enhancing cybersecurity for government entities.
Given the substantial investment and ambitious growth plans, future fundraising opportunities seem likely. The company’s ability to verify over 20 trillion digital interactions weekly and serve more than 500 global brands underscores its potential for further expansion. However, challenges such as keeping up with the rapidly evolving nature of cyber threats and maintaining a competitive edge in a crowded market remain. Ensuring the scalability and efficacy of their platform will be crucial as digital interactions continue to grow.
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