What is HYAS?
Founded in 2014 and headquartered in Victoria, British Columbia, HYAS specializes in security software and the critical infrastructure and communication channels used by cyber adversaries. The company's unique approach targets the underlying infrastructure that malicious actors rely on, providing a novel defensive strategy against sophisticated cyber threats. This focus positions HYAS as a key player in the evolving landscape of cybersecurity, offering advanced tools to combat emerging digital risks.
How much funding has HYAS raised?
HYAS has raised a total of $23.7M across 3 funding rounds:
Angel/Seed
$1.5M
Series A
$6.2M
Series B
$16M
Angel/Seed (2016): $1.5M with participation from Tom Noonan, Wesley Clover International, 205 Capital, Startup Capital Ventures, Tim Eades, and M12 - Microsoft
Series A (2018): $6.2M led by 205 Capital, Startup Capital Ventures, Tim Eades, Tom Noonan, Wesley Clover International, and M12
Series B (2021): $16M supported by M12, Tightline Holdings, Dcode Capital, Startup Capital Ventures, Cyber Mentor Fund, S3 Ventures, 205 Capital Gp, and Uncorrelated Ventures
Key Investors in HYAS
M12
M12, Microsoft's Venture Fund, is a key investor focusing on enterprise software, particularly in Series A through C rounds. They specialize in applied AI, business applications, infrastructure, and security, offering significant go-to-market resources to their portfolio companies.
Startup Capital Ventures
Startup Capital Ventures is an early-stage venture capital firm based in Menlo Park, California, that focuses on capital-efficient B2B technology investments. They typically invest between $250,000 and $1 million, often co-investing in sectors like FinTech, Cloud/SaaS, Security, Healthcare IT, and IoT.
S3 Ventures
S3 Ventures is the largest venture capital firm focused on Texas, based in Austin. They provide patient and flexible investments ranging from $500K to over $10M in business technology, digital experiences, and healthcare technology, partnering with visionary founders.
What's next for HYAS?
The recent major strategic investment signifies a pivotal moment for HYAS, likely indicating a transition into a scaling phase. This capital will enable the company to enhance its product offerings, expand its market reach, and potentially invest in research and development to stay ahead of sophisticated cyber threats. The backing from prominent investors suggests strong confidence in HYAS's technology and its potential to disrupt the cybersecurity market, paving the way for accelerated growth and broader adoption of its solutions.
See full HYAS company page
