Email Security Company IronScales Raises $64 Million

IronScales, a company that leverages artificial intelligence in technology for email security, has closed a $64 million Series C funding round.

The investment round was led by PSG with additional participation from existing investors Jump Capital and K1 Investment Management.

To date, the Atlanta-based IronScales has raised a total of $95 million.

Built with self-learning capabilities, IronScales said its cloud-native email security platform can mitigate business email compromise and prevent phishing, account takeover, credential harvesting, and similar advanced threats.

IronScales, which claims that its security solution can identify suspicious emails almost instantly, also provides incident response capabilities.

Founded in 2014, the email protection provider plans to use the new funding to expand its global footprint, as well as to expand the capabilities of its platform. The company serves more than 5,000 organizations worldwide.

“As phishing attempts continue to become more sophisticated, it’s critical for organizations to adopt an agile defense system. We believe IronScales provides a comprehensive, self-learning solution that continuously evolves to effectively protect digital environments,” said Eyal Benishti, Founder and CEO of IronScales.

Related: ID Verification Company Incode Raises $220 Million at $1.25B Valuation

Related: Grip Security Raises $25 Million to Secure SaaS Applications

Related: Anti-Fraud Bot Protection Firm Kasada Bags $23 Million Investment

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Ionut Arghire is an international correspondent for SecurityWeek.

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