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DTCP Backed Hunters to Expand in the European Market as the SOC Platform of Choice
February 2022 by Marc Jacob
Growth Equity Investor DTCP has partnered
with cybersecurity company Hunters to
expand its presence in Europe. DTCP recently participated in Hunters’
Series C round of funding, an investment that is a key milestone on
the path to the company’s expansion in the European market.
Hunters’ Security Operations Center (SOC) Platform empowers security
teams to automatically identify and respond to incidents that matter
across the entire attack surface of their organizations. Global
enterprises, including leading Fortune 500 companies in financial
services, media, retail and manufacturing choose Hunters as their
main SOC platform, replacing their Security Information and Event
Management (SIEM) solutions.
The partnership comes at a time of unprecedented opportunity in the
security market: European organizations are migrating to the cloud a
significant part of their infrastructure and services; remote work
has been incorporated into the lives of millions of Europeans,
opening companies and individuals to new security threats; the
tighter regulatory framework in the EU requires closer attention of
organizations to prevent data breaches - all at times when the threat
landscape continues to evolve
with advanced ransomware and supply chain attacks. This has created a
new paradigm for organizations and their cybersecurity needs.
Last month, Hunters announced a $68 million Series C funding round
led by growth equity firm Stripes, with participation from new
investors DTCP, Cisco Investments and Databricks, and existing
investors YL Ventures, Bessemer Venture Partners, Microsoft’s venture
fund M12, U.S. Venture Partners, Blumberg Capital and Snowflake
Ventures, which brought the total investment in Hunters to $118
million.
