Security Experts:

Connect with us

Hi, what are you looking for?

SecurityWeekSecurityWeek

Cybersecurity Funding

Phishing Protection Provider SlashNext Raises $26 Million

Phishing protection provider SlashNext today announced that it has raised $26 million in venture capital funding, which brings the total raised by the company to $43 million.

As part of this round, investments came from the ACTIVE Fund of the Ayala group, Telia Group, and Tom and Matt Gallo, as well as from early investors Alter Ventures, Norwest, and Wing.

Phishing protection provider SlashNext today announced that it has raised $26 million in venture capital funding, which brings the total raised by the company to $43 million.

As part of this round, investments came from the ACTIVE Fund of the Ayala group, Telia Group, and Tom and Matt Gallo, as well as from early investors Alter Ventures, Norwest, and Wing.

SlashNext plans to use the new funds to grow customer acquisition and operations, both domestically and globally.

The company provides AI-driven cloud and on-device detection of phishing, and claims to successfully prevent multiple types of spear-phishing, blocking human threats across popular communication channels and applications.

According to SlashNext, its 360° Defense-as-a-Service solution can prevent email spear-phishing, SMiShing and Vishing, along with business email compromise, bank fraud and credential theft, social engineering and scams, ransomware, and more.

“When cybercriminals launch successful multi-channel phishing and social engineering attacks, the results are massively disruptive to people, organizations, and the economy. This is the number one cyber challenge that organizations face globally, and bad actors are only increasing their attacks in Linkedin, MS Teams, Messenger and Slack and becoming more sophisticated at taking advantage of the most vulnerable part of organizations – its people,” Patrick Harr, SlashNext CEO, said.

Based in Pleasanton, California, SlashNext was founded in 2017.

Related: Quantum Cybersecurity Provider QuintessenceLabs Raises $18 Million

Related: Threat Detection Marketplace SOC Prime Raises $11 Million

Related: Customer Data Privacy Provider Skyflow Raises $45 Million

Related: DevOps Security Startup Mondoo Scores $15M Investment

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

Click to comment

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.

Nation-State

The North Korean APT tracked as TA444 is either moonlighting from its previous primary purpose, expanding its attack repertoire, or is being impersonated by...

Management & Strategy

Microsoft making a multiyear, multibillion dollar investment in the artificial intelligence startup OpenAI, maker of ChatGPT and other tools.

Cybersecurity Funding

Forward Networks, a company that provides network security and reliability solutions, has raised $50 million from several investors.

Funding/M&A

Thoma Bravo will spend $1.3 billion to acquire Canadian software firm Magnet Forensics, expanding a push into the lucrative cybersecurity business.

Management & Strategy

Tens of cybersecurity companies have announced cutting staff over the past year, in some cases significant portions of their global workforce.

Funding/M&A

Twenty-one cybersecurity-related M&A deals were announced in December 2022.