Area 1 Security, a Redwood City, California-based provider of cybersecurity solutions, raised $32m in Series C funding.
The round was led by Kleiner Perkins with participation from Icon Ventures, DCVC, Top Tier Capital, Allegis Cyber and Epic Ventures.
The company intends to use the funds to continue to expand operations.
Led by Oren J. Falkowitz, co-founder and CEO, Area 1 Security provides Pay-Per-Phish, a performance-based cybersecurity solution which charges $10 per phish actually caught.
By looking at phishing comprehensively and preemptively, and leveraging a cloud-native architecture, Area 1 Security has enabled organizations worldwide, including Fortune 500 banks, insurance, and tech companies, and healthcare providers, to secure their move to the cloud while supporting the needs of their global and mobile end-user base.