Funding round
Horizon3.ai Series A
Horizon3.ai, which works in autonomous penetration testing services in Dover, raised $5.0M in a Series A round announced on 1 Feb 2021, led by SignalFire, at a $50M post-money valuation. 1 firm took part. It is Horizon3.ai's second venture round on record; the one before was a Seed in Jan 2020.
$5.0M
Amount raised
$50M
Post-money valuation
1
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Horizon3.ai at $50M after the new money. The $5.0M bought investors about 10% of the company. It came 13 months after Horizon3.ai's Seed. It is 1.2% of the $429M Horizon3.ai has raised in the venture rounds on record. Horizon3.ai raised again 9 months later: a Series B round of $30M in Nov 2021. Its next priced round, a Series E in Aug 2026, valued it at $2.00B.
Horizon3.ai's funding rounds
Horizon3.ai has 6 venture rounds on record. This one is highlighted.
- Seed 23 Jan 2020, led by SignalFire $3.5M
- Series A this round 1 Feb 2021, led by SignalFire $5.0M$50M post-money
- Series B 2 Nov 2021, led by SignalFire $30M
- Series C 8 Aug 2023, led by Craft Ventures $40M
- Series D 10 Jun 2025, led by New Enterprise Associates $100M
- Series E 3 Aug 2026, led by NightDragon and New Enterprise Associates $250M$2.00B post-money
Investors
Who put money in
SignalFire led the round.
Lead investor
- backs 121 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
1,580 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 45% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Feb 2021 | $55M | not disclosed | Accenture Ventures |
| Tech Companies | 2 Feb 2021 | $50M | not disclosed | Andreessen Horowitz |
| Tech Companies | 12 Feb 2021 | $45M | not disclosed | Aldrich Capital Partners |
| Tech Companies | 9 Feb 2021 | $43M | not disclosed | Norwest |
| Metropolis Tech Companies | 16 Feb 2021 | $41M | not disclosed | 3L Growth Equity |
| Tech Companies | 10 Feb 2021 | $40M | not disclosed | PSG |
| Tech Companies | 10 Feb 2021 | $28M | not disclosed | K1 Investment Management |
| Tech Companies | 24 Feb 2021 | $24M | not disclosed | Lightspeed Venture Partners and Balderton Capital |
Questions
Frequently asked
How much did Horizon3.ai raise in its Series A round?
Horizon3.ai raised $5.0M in its Series A round, announced in Feb 2021.
Who led Horizon3.ai's Series A round?
SignalFire led it.
What was Horizon3.ai's valuation at the Series A round?
$50M post-money.
How does it compare with other Series A rounds in Tech Companies?
1,580 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $11M, and this round was 45% of the median.
Did Horizon3.ai raise again after this round?
Yes: a Series B round in Nov 2021 of $30M.