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HYAS looks to develop cybersecurity product with $20 million CAD Series B round

Victoria-based cybersecurity startup HYAS has raised a $20 million CAD ($16 million USD) Series B round of funding as it looks to develop its cyber attack infrastructure identification and blocking technology. The round was led by Austin, Texas-based S3 Ventures, with participation from Uncorrelated Ventures, Tightline Holdings, Cyber Mentor Fund, and Dcode Capital. The product is also designed to identify the infrastructure behind these cyber attacks. Teams can use HYAS’ platform to hunt down adversary infrastructure and block phishing and ransomware attacks at the network layer, before they have even launched. RELATED: Canadian cybersecurity leaders say ecosystem requires community to growDeloitte’s Cyber Intelligence Centre has observed a spike in phishing attacks, Malspams and ransomware attacks during the pandemic.

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