News Summary

Horizon3.ai, a cybersecurity startup based in San Francisco, is in the process of raising $100 million in a new funding round led by New Enterprise Associates (NEA), with at least $73 million already secured according to an SEC filing. This investment comes as the company seeks to expand its AI-powered security tools amid significant growth. Horizon3.ai, founded in 2019 by a team of former U.S. Special Operations cyber operators and cybersecurity experts, is known for its autonomous threat detection and penetration testing services. The startup has previously raised $40 million in a Series C round in August 2023 to enhance its R&D efforts. The company, which recently received FedRAMP authorization, reported a 101% year-on-year revenue growth, surpassing its Q4 pipeline targets.