Email security firm IronScales has raised $64m from a Series C funding round led by private equity firm PSG.
The investment haul also saw participation from Jump Capital and K1 Investment Management. To date, IronScales has secured up to $95m in total funding.
Founded in 2013, IronScales leverages AI in technology for email security. The company claims its solution is enhanced by thousands of customer security teams and built around detecting and removing threats in the inbox.
Through the self-learning capabilities of the platform, companies can mitigate business email compromise and prevent account takeover, credential harvesting, account takeover and other advanced threats.
IronScales intends to use the newly raised investment to expand its global footprint and expand the capabilities of its platform. Currently, IronScales serves over 5,000 organisations globally.
IronScales CEO and founder Eyal Benishti said, “As phishing attempts continue to become more sophisticated, it’s critical for organisations to adopt an agile defence system. We believe IronScales provides a comprehensive, self-learning solution that continuously evolves to effectively protect digital environments.”
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