Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Bolster Raises $14 Million for AI-Powered Phishing Protection

Bolster has raised $14 million in Series B funding for technology integrations for its AI-powered phishing protection platform.

Multi-channel phishing protection provider Bolster has raised $14 million in a Series B funding round that brings the total raised by the company to over $40 million.

The new investment round was led by Microsoft’s venture fund M12, with additional funding from Cervin Ventures, Cheyenne Ventures, Crosslink Capital, Liberty Global Ventures, Thomvest Ventures, and Transform Capital.

Founded in 2019, the Santa Clara, California-based company prevents phishing and impersonation attacks across mobile applications, messaging tools, websites, and social media platforms.

Bolster leverages AI and ML to train models on URLs, domains, emails, and natural language texts, for multi-channel phish and scam detection at scale. The company says it currently serves over 120 customers, including well-known brands.

The company will use the new funding to accelerate its go-to-market initiative, with a focus on executive monitoring, BEC detection and prevention, and threat-hunting automation. Bolster will also invest in training and marketing initiatives centered around these key areas.

“Bolster is committed to leading the industry in leveraging generative AI for real-time detection and response to phishing and impersonation attacks. This issue impacts nearly all businesses today,” Bolster co-founder and CTO Shashi Prakash said.

Related: C/side Emerges From Stealth Mode With $1.7 Million Investment

Related: Alkira Raises $100 Million for Secure Network Infrastructure Platform

Advertisement. Scroll to continue reading.

Related: Anetac Emerges From Stealth Mode With $16 Million in Funding

Related: LayerX Raises $26 Million for Browser Security Platform

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Trending

Daily Briefing Newsletter

Subscribe to the SecurityWeek Email Briefing to stay informed on the latest threats, trends, and technology, along with insightful columns from industry experts.

Join the session as we discuss the challenges and best practices for cybersecurity leaders managing cloud identities.

Register

The AI Risk Summit brings together security and risk management executives, AI researchers, policy makers, software developers and influential business and government stakeholders.

Register

People on the Move

Gabriel Agboruche has been named Executive Director of OT and Cybersecurity at Jacobs.

Data security startup Reco adds Merritt Baer as CISO

Chris Pashley has been named CISO at Advanced Research Projects Agency for Health (ARPA-H).

More People On The Move

Expert Insights