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IRONSCALES Raises $64 Million for E-Mail Security



IRONSCALES, an Israeli startup that provides an AI-powered email security solution, has raised $64 million in a Series C funding round led by PSG.

Founded in Tel Aviv, Israel in 2014 by alumni of the Israel Defense Force’s elite Intelligence Technology unit, IRONSCALES’ boasts that its cloud-native, API-based email security software platform is self-learning to “continuously detect and remediate advanced threats, such as business email compromise, credential harvesting and account takeover in companies’ mailboxes.” The platform, says the company, reduces identification of suspicious mail to seconds at scale across organizations.

To complement its phishing detection and incident response capabilities, IRONSCALES’ platform includes a phishing simulation and training module to educate employees and further bolster resiliency against cyber threats. IRONSCALES serves over 5,000 organizations globally of all sizes and across industries. The company plans to use the new funding to expand its international footprint and continue to grow its platform’s capabilities.

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“As phishing attempts continue to become more sophisticated, it’s critical for organizations to adopt an agile defense system. We believe IRONSCALES provides a comprehensive, self-learning solution that continuously evolves to effectively protect digital environments,” said Eyal Benishti, Founder and CEO of IRONSCALES. “We look forward to partnering with PSG, as we aim to continue to deliver innovative security solutions for our growing global customer base to help them meaningfully improve their resilience.”

The company says that it expects the significant demand for email security will continue to climb, with the market expected to grow to roughly $9.4 billion by 2027. “We believe IRONSCALES is a leader in this category and positioned for widespread adoption given its nimble, effective and easy-to-deploy platform,” said Ronen Nir, Senior Advisor at PSG. “We’re excited to work with the IRONSCALES team as they seek to expand their platform and address the extensive growth opportunities ahead.”



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