Swedish email security and infrastructure company Halon Security has received $ 1.8 million in venture capital. The main investors are K-Svets Venture and the existing owners, and the money will be put towards a heavy expansion in the coming years. In connection to this, the company also appoints Martin Fabiansson as new CEO.
Halon, that is based in Gothenburg, Sweden, has grown steadily since the first investment from Chalmers Innovation Seed Fund and Almi Invest in 2013. The company has twelve employees, but are planning to hire plenty of more people in the next three years.
In connection to the investment, co-founder Peter Falck steps down as CEO. New CEO is Martin Fabiansson, who has a solid management background from both security and software development in companies such as AT&T, Oracle and THALES in both Sweden and USA.
Halon customers are mainly email service providers. The software Halon Platform is used to build the infrastructure that is needed to handle large amounts of in-transit email, including both security and operational features. Dutch telco KPN and Danish web hosting company One.com are examples of Halon customers.
2017 was a very good year for Halon, as we landed several important new customers. Based on this we could secure the financing round and scale up on both tech and sales, says Håkan Krook, Fund Manager at Chalmers Ventures.
Halon is an exciting company with a product that is highly appreciated in the industry, and I look forward to the challenge of taking Halon to the next level, says CEO Martin Fabiansson.
Halon is a flexible security and operations platform for in-transit email. It enables companies that build and operate large-scale
email services to offer competitive features by rapid implementation, and to lower costs of maintenance through
reliable deployment and reduced complexity.