Halcyon Tech, Inc.

Halcyon Tech, Inc. (operating as Halcyon, website halcyon.ai) is a cybersecurity company headquartered in Austin, Texas, established in 2021. Its primary industry is classified as IT security/cybersecurity, with sub-industry coverage in application integration software and verticals spanning artificial intelligence and cloud computing.

The company sells an anti-ransomware platform intended to prevent, mitigate and recover from ransomware incidents. The platform is described as an adaptive security layer that combines multiple proprietary advanced prevention engines with AI and machine learning models trained on ransomware samples. Documented product capabilities include API-driven operation, pre-execution defense, resiliency, isolation, deception and anti-detonation.

As of its November 2024 Series C, Halcyon reported $190 million in total funding and a $1 billion valuation, and is listed at Series C stage by data providers.

Business model

Halcyon offers a security technology platform to organizations seeking ransomware prevention and recovery; the sources describe the product offering but do not detail pricing or contracting terms.

Traction

Reported $190 million in cumulative funding and a $1 billion valuation as of November 2024. The sources provide no revenue, customer count or employee figures.

Latest developments

The most recent development documented in the sources is the November 2024 $100 million Series C led by Evolution Equity Partners, after which Evolution Managing Partner Richard Seewald joined the board of directors. Funds were stated to be directed at accelerating growth of the ransomware prevention and recovery platform.