Agari, a Foster City, Calif.-based cloud-native solution that uses predictive AI to stop advanced email attacks, raised $40m in Series E growth capital.
The round, which brings total financing to $88m, was led by Goldman Sachs Growth Equity, with participation from existing investors Norwest Venture Partners, Scale Venture Partners, Battery Ventures, Greylock Partners, First Round Capital and Alloy Ventures. In conjunction with the funding, Olga Kaplan, a Vice President in Goldman Sachs’ Merchant Banking Division, will join Agari’s board of directors.
The company intends to use the funds to expand its strategic worldwide channel partnership and technology relationship programs, expand across Europe and Asia and continue to invest in technology.
Led by Ravi Khatod, CEO, Agari provides cloud-native solution that uses predictive AI to stop advanced email attacks, preventing ransomware, ATO, phishing, BEC and other identity deception attacks, restoring trust to digital channels for businesses, governments, and consumers worldwide.
Customers include Aetna, Informatica, Neustar, Air Canada, the U.S. Postal Service, Facebook, Microsoft, Google, and dozens more.