Horizon Technology Finance Backs Stellar Cyber with Up to $25M Credit Facility

Horizon Technology Finance Corporation (NASDAQ:HRZN) is included among the 10 Best BDC Stocks to Buy Right Now.

Horizon Technology Finance Backs Stellar Cyber with Up to $25M Credit Facility

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On April 16, Horizon Technology Finance Corporation (NASDAQ:HRZN), an affiliate of Monroe Capital, announced that it provided a delayed draw senior credit facility of up to $25 million to Stellar Cyber, Inc. to support its continued growth.

Stellar Cyber has built an AI-native, open, and unified security operations platform. It helps organizations detect and respond to cyber threats more efficiently by bringing security data into a single environment. The platform is designed for managed security service providers and enterprise security teams, and it comes with more than 500 integrations with third-party security tools out of the box.

Through its MSSP partners, the company’s technology supports over 14,000 organizations across more than 50 countries. Stellar Cyber is backed by investors such as Highland Capital Partners, Susquehanna Ventures, and Valley Capital Partners.

Horizon Technology Finance Corporation (NASDAQ:HRZN) operates as a specialty finance company. It provides secured loans to venture capital-backed businesses in technology, life sciences, healthcare information and services, and sustainability.

While we acknowledge the risk and potential of HRZN as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than HRZN and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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