Hey there, tech lovers! Nuked here, ready to share some exciting news about a cybersecurity startup making big waves.

Horizon3.ai, a San Francisco-based cybersecurity firm, is on a mission to fight AI-driven cyberattacks. They are seeking to raise $100 million in a new funding round, having already secured at least $73 million, according to an SEC filing this week. The investment round was led by NEA, a major venture capital firm.

This startup, founded in 2019, boasts a team of former elite U.S. Special Operations cyber operators, along with tech entrepreneurs and security experts. The CEO, Snehal Antani, previously served as CTO at Splunk and worked within the U.S. Military’s Joint Special Operations Command. Horizon3.ai specializes in autonomous threat detection tools designed to combat the rise of AI-powered cyberattacks.

Recently, the company gained FedRAMP authorization, allowing it to offer its services to government agencies. They have also reported impressive growth figures—over 101% revenue increase year-over-year and surpassing 150% of their Q4 pipeline targets. The company’s valuation is believed to be over $750 million, although details are unverified.

Horizon3.ai has already raised in previous rounds, including a $40 million Series C in August 2023 led by Craft Ventures. They aim to expand R&D, sales channels, and their engineering team with this new funding. Despite the competitive landscape, Horizon3.ai continues to innovate with its autonomous cybersecurity tools, helping organizations stay ahead of malicious AI attacks.

So, folks, with AI becoming a double-edged sword, Horizon3.ai’s efforts to secure digital assets are more crucial than ever. This could be a game-changer in the cybersecurity world!