A cyber security start-up which is providing many autonomous tools that help in penetration testing is looking for funds. Apart from its previous funding round there is a new round going on in which it has to gain a hundred million dollars. Horizon3.ai was able to gain $73 million according to its revelation with the SEC filing.

Leading the round at the first was an EA. There were two people who were involved in the deal. According to one the start-up will go upward the value of seven $50 million but we do not know for sure if the value is before or after the deal. According to the other person the company is going to sell all of the hundred million dollars worth of assets and the company is apparently making $30 million as annual revenue.

Because of this deal, the NEA now has the second biggest cyber security company and its investment in the last one month. There was another start-up company which NEA facilitated, also known as Veza. Which was able to collect one zero $8 million of funds in April.

When you look at the history of horizon then you will come to know that on August 20 23 it was able to raise $40 million. This fundraising was held by the craft ventures. After this round the start-up was able to collect $78.5 million. And it was still looking to expand the R&D and the presence of its team engineers as well as the cofounder CU Snehal Antani was also looking for some more expansion.

This is a company which came in place in 2019. Basically, this company is made of the special operators of the US cyber operations, cyber security personnel as well as entrepreneurs. Take Antani for instance. Who used to work as CTO at this blank. He also led operations for the US military.

We all know that AI and its roots are deploying all around the world. With the positive side comes the negative side. And the automatic attacks with the help of AI are also catching the hype. This is what horizon two helps you to protect against these attacks with the detection tool which works autonomously.

At the start of this month Horizon was able to get authorisation of fed RAMP. Which enables the company to sell its products and services to the state agencies. With so much going on in the AI world we are looking for the expansion of horizon and what it has to offer to the general public.

There is a high chance that it will get the recognition that it deserves for now we are going to have to look for proper approvals.