SlashNext Closes $26M Series B Funding


SlashNext, a Pleasanton, CA-based AI phishing defense company, closed a $26m Series B funding.

Backers included new investors Tom and Matt Gallo, Telia Group, and the ACTIVE Fund of the Ayala group, and early investors Norwest, Wing, and Alter Ventures. The round brings total funding to $43m. Thomas Gallo also joined the SlashNext board of directors.

The company intends to use the funds to scale its customer acquisition and operations domestically and internationally.

Led by Patrick Harr, CEO, SlashNext is leader in SaaS-based spear-phishing and human hacking defense across digital channels and apps.

SlashNext 360° Defense Service utilizes the company’s patented AI SEERTM technology to detect zero-hour phishing threats by performing dynamic run-time analysis on billions of URLs a day through virtual browsers and machine learning. It protects mobile apps, browser extensions, and APIs that integrate with mobile endpoint management and IR services.

The company, which has also developed key resell partnerships with Palo Alto Networks XSOAR Marketplace, Microsoft Azure Marketplace, Synnex, and over 50 VAR partners, aims to further its lead in AI cloud and on-device multi-channel and multi-language detection of all forms of targeted phishing – SMiShing, Vishing, BEC, bank fraud, scams, rogue browsers, credential stealing, ransomware, social engineering, and other malicious digital user attacks – launched from legitimate hosted sites or received from trusted supply chain vendors.