TLDR:
- Bolster, a leader in multi-channel phishing protection, announced a $14M Series B financing round led by M12, Microsoft’s venture fund.
- The new funding will accelerate go-to-market activities and technology integrations for their generative AI platform.
Bolster, a company specializing in multi-channel phishing protection, recently secured a $14 million Series B financing round led by M12, Microsoft’s venture fund. The total funding for Bolster now exceeds $40 million, with participation from existing investors as well. The funding will be used to enhance the go-to-market strategies and technology integrations for Bolster’s generative AI platform, which defends against phishing and impersonation attacks. With over 90% of cyberattacks starting with phishing, Bolster’s platform addresses the critical need to combat these threats effectively, especially as attackers deploy sophisticated tactics across various digital channels.
The use of AI and machine learning by Bolster has enabled them to train models on vast amounts of data related to phishing and scams. Bolster’s CheckPhish site, created in 2018, has become a popular tool for detecting phishing attempts, with over 20% of Fortune 500 companies registered as users. By leveraging generative AI technology, Bolster continuously updates its platform to stay ahead of evolving threats and provide real-time detection and response capabilities.
The investment from M12 validates Bolster’s technology and will allow them to further develop their platform’s capabilities. Bolster plans to focus on key areas such as executive monitoring, business email compromise attacks, and threat-hunting automation with the new funding. By investing in go-to-market initiatives and strategic sales structuring, Bolster aims to increase market penetration and enhance customer engagement, ultimately making the internet a safer place for all users.
