Inky Technology Corporation, a College Park, Md.-based email phishing protection platform, raised $20m in Series B round of funding.
The round, which brought total funding to $31.6m, was led by Insight Partners.
The company intends to use the funds to accelerate enterprise adoption, global expansion and its innovation roadmap.
Led by Dave Baggett, Co-Founder and CEO, Inky uses domain-specific machine learning and computer vision techniques to identify and block zero-day phishing emails that get through legacy secure email gateways (SEGs). The company blocks thousands of malicious phishing emails each month for a typical customer running an incumbent mail protection system. It also adds a novel color-coded banner to each email, providing end users warnings, recommendations, and policy guidance, along with a convenient “Report this Email” link that lets users report phish from their mobile devices with a single click. In conjunction with the funding, the company is expanding the company’s presence across Europe, Asia and Latin America, to bring its solution to the global market. Through a strategic buildout of the company’s channel and partner programs, Inky can now service businesses of all sizes looking to prevent disruptive phishing attacks. Baggett also co-founded ITA Software, an airfare search company purchased by Google in 2011 for $730M, which now powers Google Flights®.
FinSMEs
04/06/2020