Halcyon Tech Inc. has raised a $100 million Series C round to strengthen its fight against ransomware attacks.
The startup uses capsule neural networks, based on the CapsNet architecture, to detect ransomware and prevent data loss.
Halcyon's AI models are trained on millions of ransomware-related data points and can detect when ransomware attempts to move files out of an organization's network.
The funding will be used to enhance the technology and expand Halcyon's customer base.