Security operations center startup Hunters today announced that it has raised $68 million to develop its platform and services further, strengthen sales and partnerships, and increase its headcount.

Stripes led the Series C round. Also participating in the round were DTCP, Cisco Investments, Databricks, YL Ventures, Bessemer Venture Partners, M12, U.S. Venture Partners, Blumberg Capital and Snowflake Ventures. Including the new funding, Hunters has raised $118 million to date, including a round of $30 million in August.

Founded in 2018, Hunters offers an SOC platform that empowers security teams automatically to identify and respond to incidents that matter across the entire attack surface. The company’s autonomous threat hunting solution detects cyberattacks that bypass existing controls in information technology environments, extending threat detection and response to every attack surface.

Hunters’ platform processes rich security telemetry and intelligence from across the enterprise, including cloud and network. Using machine learning and cloud-based analytics, the service correlates threat patterns to provide “high-fidelity attack stories” for cybersecurity team response. The service enriches threat signals with unique tactics, techniques and procedure-based threat intelligence.

The platform is vendor-agnostic and helps teams overcome volume, complexity and false positives. Hunters claim that it mitigates real threats faster and more reliably than security information and event management services, ultimately reducing customers’ overall security risk.

The service integrates with various services across cloud, endpoint security, network services and email providers. Notable integrations include Microsoft Corp. Active Directory, Azure and Office 365, Amazon Web Services Inc., Cisco Systems Inc. including Security Endpoint, Meraki and Umbrella, CloudFlare Inc., Google LLC Cloud Platform and Workspace, Palo Alto Networks Inc. and Slack Inc., among others.

Hunters has seen strong growth, with average recurring revenue increasing by four times over 2021. Customers include leading Fortune 500 companies in financial services, media, retail and manufacturing, including Booking Holding Inc., Snowflake Inc., Netgear Inc. and Cimpress plc.

“The SIEM market is worth $4.3 billion and is ripe for disruption since it drives limited security outcomes for its customers,” Uri May, co-founder and chief executive of Hunters, said in a statement. “Players in this category focus on data ingestion and leave customers to build their own detection engineering and investigation capabilities or have significant gaps in scale and pricing models. Hunters was purpose-built to help the overly stressed security teams mitigate real security incidents faster and more effectively.”

Image: Hunters