PhishLabs and BrandProtect merged to create a large provider of threat intelligence and mitigation solutions. PhishLabs, led by CEO LeTony Prince, provides global threat intelligence, security awareness training, real-time threat monitoring, and rapid takedown capabilities to protect employees and customers. BrandProtect, led by CEO Roberto Drassinower, delivers cyber risk detection, intelligence, and mitigation solutions to protect against brand threats, trademark infringements, phishing, mobile app schemes, social media risks, and dark web threats. The combined company is headquartered in Charleston, South Carolina, and maintains a facility in Toronto, Ontario. It closed growth capital funding of an undisclosed amount, led by private equity firm LLR Partners with participation from existing investor Alerion Ventures. The article does not disclose specific operating metrics or financial details beyond the undisclosed growth capital raise. PhishLabs is a Charleston, South Carolina-based provider of 24/7 cybersecurity services that protect against threats that exploit people. It combines proprietary technology, intelligence, and human expertise to detect, analyze, and stop targeted cyberattacks before they impact organizations. The company also provides threat intelligence to strengthen existing cyber defenses and optimize threat prevention. In June, PhishLabs launched Spear Phishing Protection, a service designed to disrupt spear phishing attacks before systems and data are compromised. Its solutions are used by top organizations worldwide, including four of the five largest U.S. financial institutions. The company intends to use the funds from the financing to accelerate growth. PhishLabs is a security services company that attacks the entire cybercrime ecosystem to prevent and mitigate online threats. Its offerings include anti-phishing, anti-malware, anti-vishing, denial-of-service mitigation, job scam and brand-abuse mitigation, and protections against rogue mobile applications. The company employs a fixed-fee business model intended to focus client relationships on measurably reducing the number and impact of attacks rather than on traditional analysis-and-response services. PhishLabs’ clients include large national and international banks, credit unions, ecommerce companies, service providers, and social networking companies. The company says it targets the infrastructure used to plan and execute attacks, aiming to prevent future attacks rather than only clean up after incidents. PhishLabs completed a $1.2 million Series A round to accelerate sales and marketing initiatives and continue innovating to meet market demand and evolving threats.

Total raised

$8M

Funding rounds

3

Latest round

Series B

Latest activity

Nov 2015