EasyDMARC, an Armenian startup finding traction in the email security business, has banked $20 million in venture capital funding for technology to simplify the email security and authentication process.
The company said the early stage funding was provided by New York-based firm Radian Capital and brings the total raised to $22.3 million.
Founded in 2018 by Gerasim Hovhannisyan and Avag Arakelyan, EasyDMARC positions itself as a B2B SaaS company providing tools to make email security and authentication accessible for businesses of all sizes.
This is done through protecting domain and email infrastructure, ensuring emails sent from a domain are legitimate. This helps prevent phishing attacks while improving overall email deliverability.
The company claims more than 83,000 customers in 130 countries and said the new capital would be used to fuel global expansion by investing in its team and technology.
EasyDMARC said the plan is to beef up its product line to ensure compliance with evolving regulations, such as the upcoming requirements from PCI DSS and mandates from Google and Yahoo regarding DMARC for bulk email senders.
Related: Internet Security Threats from a Multilingual Domain Name System
Related: US Says North Korean Hackers Exploiting Weak DMARC Settings
Related: Nearly 1 Million Domains Use DMARC, but Only 13% Prevent Email Spoofing
Related: Presidential Candidates’ Use of DMARC Improves, but Remains Short of Optimum
