Memcyco, a Tel Aviv, Israel-based provider of a real-time website impersonation detection and prevention solution, raised $10M in Seed funding.
The round was led by Capri Ventures and Venture Guides.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Israel Mazin, Memcyco provides a real-time digital brandjacking protection solution that helps brands counter impersonation fraud and its associated damage to businesses and their customers. The company offers agentless Proof of Source Authenticity (PoSA) technology that delivers Zero Day protection and real-time detection, helping to identify the attacks at the point of impact. PoSA helps the brands with full details of the attempted attack session to ensure complete visibility. It also issues a Red Alert to the brand’s users when they navigate to the spoofed website and uses artificial intelligence to study behavioral patterns in order to identify and alert organizations when irregular activity occurs.
Memcyco is used by leaders in financial services, eCommerce and other industries.
FinSMEs
25/05/2023