AI-native social engineering defense (SED) provider Doppel has raised $70 million in a Series C funding round that brings the total raised by the company to $124 million.
The funding round was led by Bessemer Venture Partners, with additional support from multiple previous investors, including venture capital firms and angel investors.
Closed only six months after the Series B funding, the new investment round boosts Doppel’s valuation to over $600 million.
Founded in 2022, California-based Doppel has built an AI platform that protects both businesses and individuals from phishing, impersonation, and other social engineering attacks.
By leveraging AI and a real-time threat graph, it detects threats across multiple channels, unifies threat intelligence, and automates attacker infrastructure takedowns.
Doppel also leverages threat intelligence to increase employee awareness through deepfake-driven simulations and training campaigns.
According to the company, its SED platform also tackles the rising threat of AI-boosted social engineering attacks, in which threat actors build ecosystems of fake personas and deepfakes across multiple platforms at once.
The company will use the new investment to accelerate product innovation and expand its simulation and training offerings. It will continue to expand its engineering, product, sales, and marketing teams after more than doubling its employee base this year.
Doppel serves dozens of Fortune 500 companies, including Coinbase, Ramp, Commerce, and Orrick, and more than 200 organizations across the energy and utilities, financial services, healthcare and life sciences, industrial and manufacturing, media, and technology and software sectors.
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