Vade Secure, the global leader in predictive email defense, entered into a €70M financing agreement with General Catalyst.
As part of the financing agreement, currently pending regulatory approval by French authorities, General Catalyst investors, Austin McChord (Founder/Former CEO of Datto), Paul Sagan (Former CEO of Akamai Technologies) and Matthew Brennan, will join Vade Secure’s Board.
The company plans to use the new funding to:
– accelerate its growth and global expansion, with a focus on building out a go-to-market strategy focused on servicing business customers through Managed Service Providers (MSPs),
– invest in advancing the platform’s core machine learning-based threat detection capabilities as well as its native email security solution for Office 365.
Led by Georges Lotigier, CEO, Vade Secure provides SMBs, enterprises, ISPs and OEMs with solutions to protect their users from advanced cyberthreats, such as phishing, spear phishing, malware, and ransomware. The company’s predictive email defense solutions leverage artificial intelligence, fed by data from 600 million mailboxes, to block targeted threats and new attacks from the first wave. In addition, real-time threat detection capabilities enable SOCs to instantly identify new threats and orchestrate coordinated responses. The company0s technology is available as a native, API-based offering for Office 365; as cloud-based solutions; or as lightweight, extensible APIs for enterprise SOCs.
Today, the company’s technologies protect more than half a billion inboxes across 5,000+ global customers, including major ISPs, OEMs, and enterprises, such as Comcast, British Telecom, Orange, Softbank, Fujitsu Cloud Services, NTT Comm, Telstra and Cisco.