Bolster AI Phishing Protection Funding: Bolster Secures $14M for Phishing Detection Innovation
Bolster is the company behind the innovative CheckPhish phishing tracker. In a breakthrough move for cybersecurity, it has secured a $14 million investment in a Series B funding round led by Microsoft’s venture fund, M12. This planned capital injection is set to catalyze Bolster’s growth and improve its AI-driven platform, which is at the front of battling phishing and imitation attacks.
Phishing scams typically involve deceptive emails that mimic credible sources. These are a significant threat in today’s digital landscape. Bolster’s CheckPhish technology is designed to challenge this issue head-on by scanning the web, including domain registrations and social media, to identify and defuse phishing operations.
The Series B funding will be involved in advancing Bolster’s technology integrations and go-to-market strategies, particularly focusing on generative AI for threat protection. Key areas of investment include executive monitoring, business email compromise (BEC) attack detection and takedown, and threat-hunting automation. The sales organization will be organized around these priorities, supported by inclusive training and marketing initiatives to increase market penetration and improve customer engagement.
Bolster’s groundbreaking approach has been demonstrated through the creation of CheckPhish. It is one of the most popular phishing and scam detection sites on the internet. Since its initiation in 2018, the platform has gathered users from over 20% of the Fortune 500, supporting its vast data to continually improve Bolster’s AI abilities.
The company’s success in securing considerable funding from an impressive entity like M12 highlights the industry’s acknowledgment of the critical need for advanced cybersecurity solutions. Bolster’s journey from a promising startup to a cybersecurity sentinel has been marked by its stanch commitment to innovation and excellence in the realm of digital protection.
With this new funding, Bolster is tended to expand its reach and continue its mission to safeguard businesses and consumers from the ever-evolving threat of cybercrime. The backing by M12 is a proof to Bolster’s potential to transform the cybersecurity industry with its AI-powered solutions.
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