Ironscales, a Ramat Gan, Israel-based self-learning email security solutions, closed an $8m Series B extension funding round.
The round, which added to the $15m previously contributed by current investor K1 Investment Management, was led by Chicago-based venture and growth capital firm Jump Capital. As a result of the partnership, Jump Capital Partner Saurabh Sharma will join the Ironscales Board of Directors. Saurabh leads IT Infrastructure and Application Software investments for Jump Capital and brings a diverse background in investing, operations and product management. In addition, Matthew McNulty joined as SVP of Worldwide Sales.
The company plans to use the funds to further accelerate its growth strategy through market expansion and ongoing research and development of its email security platform.
Led by Eyal Benishti, founder and CEO, Ironscales provides security professionals and end users with an AI-driven, self-learning email security platform to stop phishing attacks by using the most decentralized threat protection network. Already in 2020, the company has scaled its North American sales and marketing teams, expanded into new territories and launched a number of platform updates and new tools available to customers and partners.