Security Experts:

PhishMe Raises $42.5 Million in Series C Funding

PhishMe, a company that helps organizations teach security awareness by educating employees on how to identify phishing attacks, today announced it has raised a whopping $42.5 million in funding.

The company previously raised $2.5 million in July 2012 in a Series A round, followed by $13 Million in a Series B funding round in March 2015.

The total amount raised by the company is more than $57 million. The company offers a platform that puts employees into simulated real-life phishing scenarios.

“These scenarios deliver targeted security education directly to their inboxes, and instantly present bite-sized, engaging training to those found susceptible,” the company explains.

According to the company, the additional funding will be used to fuel product expansion and boost its international reach, particularly in Europe and Asia.

PhishMe has more than 250 full-time employees, and counts almost half of Fortune 100 companies as customers.  

Existing investor Paladin Capital Group led the founding round, along with participation from new investor Bessemer Venture Partners.

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For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.