IronScales, an automated phishing prevention, detection, and response provider, recently announced that it had secured $15 million in a Series B funding round led by K1 Investment Management, bringing the company’s total capital raised to over $25 million.
The Atlanta and Tel Aviv-based startup said it would use the funding to expand its business operations in the North American market and further invest in R&D for its AI-driven anti-phishing platform.
The company reports triple-digit revenue growth over the past 12 months and its advanced phishing threat protection platform has nearly 1,000 customers across financial services, healthcare, retail, education, and other industries.
“While email phishing is the oldest and most recognizable cyberattack technique, it remains an extremely complex problem that today requires the power of both artificial and human intelligence in an ongoing cycle of innovation for it to have any positive effect on an organization’s security posture,” said Eyal Benishti, IronScales founder and CEO. “K1 has always believed in our vision for modernizing email security, and we’re thankful once again for their continued deep operational assistance as IronScales continues to build out our US operations.”