Perception Point lands $28 million to protect enterprise messaging, collaboration channels

The company's solution is said to intercept any content-based attack across those channels, preventing phishing, malware, Zero-days, and others before they reach users 

Photo: Bigstock

Cybersecurity company Perception Point announced this week it has secured $28 million in a Series B round for its solution designed to protect corporate communication and collaboration solutions from content-based attacks. 

The funding round was led by Red Dot Capital Partners and joined by global investor NGP Capital along with existing investors Pitango Venture Capital and State of Mind Ventures. Perception Point said the funds will be used to fuel rapid growth, enter new markets, accelerate product innovation and expand its workforce to support customer demand. 

"Our prevention-as-a-service approach solves the customers’ most advanced messaging and collaboration security challenges, showing value immediately," said Yoram Salinger, CEO of Perception Point. "We combine a 7-layer platform that easily and quickly integrates with any application along with a comprehensive Incident Response service to ensure flawless prevention, monitoring, and remediation of any attack."

Enterprises from the telecom, tech, retail, food and beverage, healthcare, and financial services industries are said to be among the Israeli company's customers. Perception Point has now raised $48 million from investors.

The need for companies to be agile, data savvy, and responsive to any change has intensified since the outbreak of the COVID-19 pandemic, and as a result they now deploy on average six different communication and collaboration solutions, including email, cloud storage, messaging platforms and CRM apps, to help them communicate with internal and external stakeholders. These channels are fertile ground for cybercriminals to launch content-based attacks, Perception Point said.

The company's solution offers fast interception of any content-based attack across all collaboration channels, preventing phishing, BEC, spam, malware, Zero-days, and N-days well before it reaches enterprise users. Deployed in minutes with no change to the enterprise’s infrastructure, the solution confirms with any policy and requires zero fuss from IT teams, according to the company. 

"We are strong believers in the Israeli cybersecurity ecosystem and its vision," said Bo Ilsoe, Partner at NGP Capital. “Perception Point is a great example of a startup solving complex problems with innovative ‘hacks’ in the development of its core IP, leveraging rapid API-based integration and the cloud to provide instant value to customers while continuing to gain strong commercial and technological momentum."

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