Cloud email security platform Red Sift bags $54m

Cloud email security and brand protection platform Red Sift has raised $54m in its Series B funding round, which was led by Highland Europe.

Funds were also supplied by a myriad of new and existing investors, including Sands Capital, MMC Ventures, and Oxford Capital Partners.

As part of the deal, Highland Europe partner Sam Brooks and SANDS Capital partner Michael Graninger will join the Red Sift board of directors.

Capital will be used to bolster its global expansion efforts, with plans to launch a new US headquarters in Texas. It also has growth initiatives for the Asia Pacific, Europe and Middle East.

The company is also looking to hire staff across all of its departments and double down on its platform innovation.

Over the past 12 months, the company has doubled its annual recurring revenue, added multiple members to its board of directors, doubled its headcount, formed strategic partnerships and more.

The CyberTech company enables security-first organisations to communicate with employees, vendors and customers in a secure manner.

Red Sift CEO Rahul Powar said, “It has never been more important for organisations to successfully communicate with and ensure the trust of their employees, vendors, and customers.

“To be a genuine partner to our customers, we must help them protect against multiple interconnected threat vectors. As a result, we built a platform that enables rapid iterations across multiple products that all share a solid, enterprise-ready foundation. We are grateful for the support of our investors to scale our platform and deliver even more value to our customers.”

With the close of the round, the company has raised a total of $69.8m in total funding. It previously raised $8.8m in its Series A funding round back in 2019.

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