Halcyon Tech Inc., a cybersecurity startup based in Austin, has recently completed a successful funding round, raising $100 million. This achievement has led to the company being valued at $1 billion.

Halcyon Tech Inc. focuses on combating the growing threat of ransomware attacks, which are becoming increasingly concerning in the digital landscape.

The funding round was led by Evolution Equity Partners, with contributions from notable investors such as Bain Capital Ventures and ServiceNow Ventures. In total, Halcyon Tech Inc. has secured $190 million in funding, establishing itself as a significant player in the cybersecurity sector.