Israeli security operations platform Hunters has completed a $68 million Series C 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, US Venture Partners, Blumberg Capital and Snowflake Ventures, the company announced Wednesday.
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The new funding brings the total investment in Hunters to $118 million.
Hunters' SOC Platform empowers security teams to automatically identify and respond to incidents that matter across the entire attack surface. Global enterprises, including leading Fortune 500 companies in financial services, media, retail and manufacturing choose Hunters as their main SOC platform, replacing their SIEM.
"The SIEM market is worth $4.3 billion and is ripe for disruption since it drives limited security outcomes for its customers," said Uri May, CEO and co-founder of Hunters. "Players in this category focus on data ingestion and leave customers to build their own detection engineering and investigation capabilities or have significant gaps in scale and pricing models. Hunters was purpose built to help the overly stressed security teams mitigate real security incidents faster and more effectively."
