Phishing Protection Provider SlashNext Raises $26 Million
Phishing protection provider SlashNext today announced that it has raised $26 million in venture capital funding, which brings the total raised by the company to $43 million.
As part of this round, investments came from the ACTIVE Fund of the Ayala group, Telia Group, and Tom and Matt Gallo, as well as from early investors Alter Ventures, Norwest, and Wing.
SlashNext plans to use the new funds to grow customer acquisition and operations, both domestically and globally.
The company provides AI-driven cloud and on-device detection of phishing, and claims to successfully prevent multiple types of spear-phishing, blocking human threats across popular communication channels and applications.
According to SlashNext, its 360° Defense-as-a-Service solution can prevent email spear-phishing, SMiShing and Vishing, along with business email compromise, bank fraud and credential theft, social engineering and scams, ransomware, and more.
“When cybercriminals launch successful multi-channel phishing and social engineering attacks, the results are massively disruptive to people, organizations, and the economy. This is the number one cyber challenge that organizations face globally, and bad actors are only increasing their attacks in Linkedin, MS Teams, Messenger and Slack and becoming more sophisticated at taking advantage of the most vulnerable part of organizations – its people,” Patrick Harr, SlashNext CEO, said.
Based in Pleasanton, California, SlashNext was founded in 2017.