Horizon Technology Finance, an affiliate of Monroe Capital, provided a delayed draw senior credit facility to Stellar Cyber of up to $25 million to support continued growth.
“Deploying growth capital to innovative, high-growth companies with proven market momentum and a clear path to scale is a core focus of Horizon’s venture lending platform,” Paul Seitz, chief information officer of Horizon, said. “Our financing solutions are designed to support leading technology and growth businesses as they expand and execute on their strategic objectives. We look forward to continuing to partner with exceptional management teams across the innovation economy.”
Changming Liu, co-founder and CEO of Stellar Cyber, said, “Horizon’s deep capabilities in venture lending and their partnership approach made them a natural fit for Stellar Cyber at this stage of our growth. This credit facility will allow us to accelerate our AI-driven platform development, expand our go-to-market reach, and continue delivering the open, unified security operations capabilities on which MSSPs and enterprise security teams depend.”
