Investing in eliminating email cyber attacks

“We’re thrilled to announce this growth round with ScaleVP as their investment validates our unique approach to finally eliminating email as a channel for cyber-attacks, and will fuel scaling sales, marketing and continued product innovation for Agari’s big data analytics engine and attack detection solutions,” said Patrick Peterson, Agari’s founder and CEO, and a pioneer in email security. “Email remains a remarkably powerful and open communication tool, but this strength also makes it the weakest link in the security chain. We’re leveraging our massive dataset of over 1 trillion messages analysed to power solutions that take email out of the cybercrime equation to eliminate abuse, preserve brand equity, and keep consumers safe.”

Recent headlines detailing widespread breaches reveal just how vulnerable even the largest brands are to cyber-attacks. The most recent Email Trust Index, compiled from Agari’s analysis of 6.5 billion emails per day across 11 industries, reveals that threats in the travel sector increased by 800% in Q2 and that over 90% of healthcare companies are ranked "easy targets" for cybercriminals through email. This level of threat is prompting the C-Suite to take action. ScaleVP’s recent security research reveals one third of CISOs list data breaches and malware outbreaks as a top concern for their business, both issues that involve email as the attack vector.
“We continue to see cybercrime as a serious business threat, evidenced by the on-going recurrences of data breaches of public companies, our own security research, and discussions by the boards of our portfolio companies. Companies must take aggressive action to protect their brands and their customers’ personal and financial data. Agari is the clear leader in delivering security solutions that eliminate email as a vector for cyber-attacks and enable businesses and consumers to interact safely,” said Ariel Tseitlin, Partner, Scale Venture Partners. “I am excited to be joining Agari’s board to help them execute on this critical mission.”

“Agari is a classic example of the ideal companies in which we like to invest: those that solve real customer problems with cutting-edge technology and aren’t simply seeking to ride the latest hot trend,” said Ammar Hanafi, general partner at Alloy Ventures. “The disruptive technology Agari has developed, that we at Alloy first backed in 2010, is creating tremendous value for customers and partners, and solving problems you just couldn’t in any other way.”