Connect with us

Hi, what are you looking for?


Cybersecurity Funding

Memcyco Raises $10 Million in Seed Funding to Prevent Website Impersonation

Website impersonation detection and prevention company Memcyco raises $10 million in seed funding.

Website impersonation detection and prevention company Memcyco on Wednesday announced that it has raised $10 million in a seed funding round led by Capri Ventures and Venture Guides.

Founded in 2021, the Tel Aviv, Israel-based company provides an authenticity platform that keeps organizations and their users safe from phishing attacks.

Also referred to as brandjacking, website impersonation involves directing users to fraudulent copies of a website to trick them into revealing their financial and personal information.

Memcyco’s proof of source authenticity (PoSA) solution relies on artificial intelligence to analyze behavioral patterns and deliver real-time detection capabilities. In addition to providing brands with details on identified attacks, it warns users to keep them protected.

To reassure users of a site’s authenticity, PoSA includes a digital watermark that visitors can customize with their own secret, to make it impossible to forge. The solution increases customer digital trust and improves brand reputation.

“We have introduced a new paradigm for preventing website impersonation by providing multiple layers of protection for companies and their customers. This investment delivers a strong vote of confidence in Memcyco’s ability to deliver a more secure and trustworthy digital ecosystem,” said Memcyco CEO and co-founder Israel Mazin.

Related: European Cybersecurity Firm Raises $37.5 Million

Advertisement. Scroll to continue reading.

Related: SquareX Raises $6 Million for Browser Security Product

Related: Webb Raises $7 Million for Blockchain Asset Transfer Privacy System

Related: Aadya Raises $5 Million for SMB-Focused Security Platform

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

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.

SecurityWeek’s Threat Detection and Incident Response Summit brings together security practitioners from around the world to share war stories on breaches, APT attacks and threat intelligence.


Securityweek’s CISO Forum will address issues and challenges that are top of mind for today’s security leaders and what the future looks like as chief defenders of the enterprise.


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.

Cybersecurity Funding

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


Thirty-five cybersecurity-related M&A deals were announced in February 2023


Forty cybersecurity-related M&A deals were announced in January 2023.


Seventeen cybersecurity-related M&A deals were announced in the first half of February 2023.


More than 450 cybersecurity-related mergers and acquisitions were announced in 2022, according to an analysis conducted by SecurityWeek

Cybersecurity Funding

Network security provider Corsa Security last week announced that it has raised $10 million from Roadmap Capital. To date, the company has raised $50...


Forty-one cybersecurity-related M&A deals were announced in March 2023.