Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybercrime

Kleiner Perkins Leads $8 Million Investment in Area 1 Security

Area 1 Security, a stealth cybersecurity startup on a mission to “eliminate targeted and advanced social engineering attacks,” today announced it has raised $8 million in a Series A funding round led by Ted Schlein at Kleiner Perkins Caufield & Byers (KPCB).

Area 1 Security, a stealth cybersecurity startup on a mission to “eliminate targeted and advanced social engineering attacks,” today announced it has raised $8 million in a Series A funding round led by Ted Schlein at Kleiner Perkins Caufield & Byers (KPCB).

The latest round brings Menlo Park, Calif.-based Area 1 Security’s total funding amount to $10.5 million.

According to the company, the new capital will be put to use to advance product development and expand the company’s technology to protect against phishing and other targeted social engineering attacks.

Founded in 2013 by former NSA leaders including CEO Oren Falkowitz, Blake Darche and Phil Syme, Area 1 Security has more than doubled in size this year, recently adding people from Cisco, FireEye, MIT and Solera Networks.

“Targeted social engineering attacks against enterprise networks via phishing, watering holes and malvertising cause the greatest amount of damage to business operations and have gone unchecked for too long,” said, Ted Schlein KPCB general partner.

Schlein will join the Board of Directos at Area 1 Security, the company said.

In addition to KPCB, previous investors in Area 1 Security’s seed round have again invested in the company’s Series A round, including Allegis Capital, Cowboy Ventures; Data Collective (DCVC); First Round Capital; RedSeal Networks CEO and former Venrock partner Ray Rothrock; and Shape Security CEO Derek Smith.

“Area 1’s growth over the past year is a testament to the massive problem space we are targeting,” says Oren Fakowitz, CEO, Area 1 Security. “With this latest round of funding and recent executive hires from the top companies and research institutions across the industry, we have what it takes to perfect our next-generation product and deliver a truly new and dynamic solution to the enterprise.”

Advertisement. Scroll to continue reading.

Related Reading: ZeroFOX Secures $10.7 Million to Tackle Social Threats

Written By

For more than 15 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.

Click to comment

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

SecurityWeek’s Ransomware Resilience and Recovery Summit helps businesses to plan, prepare, and recover from a ransomware incident.

Register

Expert Insights

Related Content

Application Security

Cycode, a startup that provides solutions for protecting software source code, emerged from stealth mode on Tuesday with $4.6 million in seed funding.

Cybercrime

The changing nature of what we still generally call ransomware will continue through 2023, driven by three primary conditions.

Cybercrime

A recently disclosed vBulletin vulnerability, which had a zero-day status for roughly two days last week, was exploited in a hacker attack targeting the...

Cybercrime

As it evolves, web3 will contain and increase all the security issues of web2 – and perhaps add a few more.

Cybersecurity Funding

SecurityWeek investigates how political/economic conditions will affect venture capital funding for cybersecurity firms during 2023.

CISO Strategy

SecurityWeek spoke with more than 300 cybersecurity experts to see what is bubbling beneath the surface, and examine how those evolving threats will present...

Cybercrime

Luxury retailer Neiman Marcus Group informed some customers last week that their online accounts had been breached by hackers.

CISO Conversations

Joanna Burkey, CISO at HP, and Kevin Cross, CISO at Dell, discuss how the role of a CISO is different for a multinational corporation...