DTCP backed Hunters to expand in the European market as the SOC platform of choice
Irit Kahan of DTCP
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 Centre (SOC) Platform empowers security teams to automatically identify and respond to incidents that matter across the entire attack surface of their organisations. Global enterprises, including 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 organisations 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 organisations 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 organisations and their cybersecurity needs.
“Cyber attacks are on the rise and require an ever-increasing level of attention,” says Thomas Tschersich, chief security officer at Deutsche Telekom. “At the same time, we are facing a shortage of well-trained experts in the market. To counteract this trend, automation in the Security Operation Centre is a key success factor for the future.”
“With an increasing attack surface that is becoming more sophisticated and distributed, organisations are struggling to effectively respond to the evolving threat landscape in scale and power. Hunters’ turn-key, cloud-native data and security platform is disrupting the huge and established SIEM market with its industry-leading SOC platform, empowering security teams to aggregate and correlate all sources of security data to automatically identify and respond to security incidents that matter across the enterprise attack surface.
Hanan Levin
The company’s further expansion in the European market will continue to fuel their ability to meet the accelerating demand for the Hunters’ platform and will support the company’s explosive growth,” says DTCP partner, Irit Kahan. “We are thrilled about investing in the current financing round and supporting the company in the next phase of growth and their expansion in the European market.”
“The presence of DTCP in Germany and the rest of Europe is a force multiplier in providing Hunters’ unique solution to Europe’s largest organisations,” says Hanan Levin, VP of EMEA at Hunters. “We are honoured and excited to partner with DTCP and look forward to further expanding our channel and partner alliances across Europe to support our business growth and continue to hire exceptional talent to join the team in Europe.”
Last month, Hunters announced a $68 million (€59.96 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 (€104.05 million).
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