Newly merged PhishLabs & BrandProtect close funding round

The newly merged companies of PhishLabs and BrandProtect, which provides threat intelligence and mitigation solutions, has landed fresh funding.

The it has also closed an undisclosed round of growth capital funding, led by private equity firm LLR Partners. Existing PhishLabs investor Alerion Ventures also contributed to the investment. PhishLabs provides global threat intelligence, security awareness training, real-time threat monitoring, and rapid takedown capabilities that help organisations protect their employees and customers.

While BrandProtect delivers a suite of cyber risk detection, intelligence, and mitigation solutions to protect against brand threats, trademark infringements, phishing, mobile app schemes, social media risks, and dark web threats. The combined company is headquartered in Charleston, South Carolina, with a facility in Toronto, Ontario.

“Bringing our two companies together is a win for our clients, employees, and the security industry as a whole,” said Tony Prince, CEO of PhishLabs. “With our combined visibility and mitigation capabilities, we can detect and stop attacks across a comprehensive range of threat vectors. By partnering with us, security leaders can protect their employees, customers, and brands with the most complete Threat Intelligence and Mitigation solutions in the industry.”

PhishLabs provides 24/7 managed security services that stop attacks that target people. Powered by phishing and malware experts, its intelligence-driven services detect and stop threats that exploit the human vulnerability. Organisations worldwide, including four of the five largest U.S. financial institutions, rely on PhishLabs to mitigate the risk posed by phishing, malware, rogue mobile apps, and other online threats.

BrandProtect supports security, governance, risk management, compliance, and marketing groups at financial services institutions, large-scale retailers, insurance providers, energy, and telecommunications companies to protect their brand value and business bottom line according to its website. It employs a combination of advanced proprietary technology, leveraged by a seasoned team of threat analysts, to identify and mitigate fraudulent or unauthorised online activity, such as brand threats, trademark infringements, phishing attacks, mobile app schemes, and social media and dark web threats.

“Both PhishLabs and BrandProtect have long, successful track records in the industry. Their combined capabilities to help detect and stop threats targeting customers, employees, and brands present unique and compelling value to enterprises,” added David Stienes, partner at LLR Partners. “We’re thrilled to be their partner and lend our expertise to help them execute their vision.”

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