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May - 2015 - Special issue > Venture Chakra
Leading phishing threat management, PhishMe Inc. raises $13 million in series B funding.
SI Team
Wednesday, May 13, 2015
PhishMe Inc. leading provider of phishing threat management solutions has raised $13 million in series B funding led by existing investor Paladin Capital Group and new investor Aldrich Capital Partners. PhishMe is the leading provider of phishing threat management solutions, the organization protects industries against phishing, malware and drive - by attacks.
During 2014 the company grew on a large scale increasing its revenue by 100%, doubling its headcount and surpassed 100 employees, moved into its new headquarters at Northern Virginia, also opened offices at London and Dubai to serve its customers based in European and Middle Eastern markets.
"PhishMe is excited to build on our existing relationship with Paladin Capital Group and to welcome our new investor, Aldrich Capital Partners. Raz Zia brings a wealth of knowledge to the team having helped scale numerous high-growth technology companies during the course of his career at Aldrich Capital and Goldman, Sachs & Co." said Rohyt Belani, CEO and Co-Founder, PhishMe. "We continue to execute on our strategy and vision following a remarkable 2014, as the market seeks new approaches to limit the impact of cyber attacks on their employees and incident response teams."
"PhishMe's continued growth and innovation provides an exciting opportunity for Paladin to lead this Series B funding round," said Christopher Steed, Principal at Paladin Capital Group. "Sophisticated spear-phishing attacks continue to be the dominant attack vector and are a priority of CISOs when it comes to combating cyber threats. We believe PhishMe is well positioned to continue scaling its solutions to positively impact the human element of cyber security."
More than 450 businesses, including one - third of the Fortune 100 companies who spreadover major vertical markets are active customers of PhishMe. The funds raised will be used for aggressive company growth and innovation, expansion of intellectual property and product portfolios and market leadership in delivering anti - phishing solutions both domestic and international.

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