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Hilt Raises $4.2 Million Seed Funding for Data Breach Prevention Software
Key points
- Hilt secured $4.2 million in seed funding.
- Array Ventures led the investment round.
- The funding will support software for detecting unusual data activity.
- Total funding for Hilt is now $4.7 million.
Hilt Secures Seed Funding
Hilt, a cybersecurity startup, has announced it raised $4.2 million in seed funding. This investment will be used to advance its software designed to detect and prevent unusual data activity, including the theft of sensitive information within companies. The company is emerging from stealth mode with this announcement.
Investment Details
The seed round was led by Array Ventures. Additional investors included Verdict Capital, Base10 Partners, Brickyard, Liquid 2 Ventures, Sequel, the Sarah Smith Fund, and Alumni Ventures. This latest funding brings Hilt's total capital raised to $4.7 million, which includes a previous $500,000 pre-seed round led by Pear VC.
Company Background
William "Will" Cielen, co-founder and CEO of Hilt, founded the company after identifying a specific problem in cybersecurity through customer discovery. Cielen previously attended Concordia University and worked as an algorithmic trading intern at the National Bank of Canada. His background includes an early start in website design and development, and a pivotal conversation with a hedge fund CTO helped shape Hilt's focus on data security.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Hilt, a cybersecurity startup, announced it has raised $4.2 million in seed funding to develop software that detects and prevents unusual data activity and sensitive information theft. This funding round, led by Array Ventures, brings Hilt's total funding to $4.7 million, enabling the company to further develop its breach prevention technology.