Contrarian Investments (Sometimes) Win
As the world goes increasingly digital and employee footprints become increasingly remote, especially catalyzed by COVID, email’s prominence as the primary mode for business communications has risen even further. At the same time, email also remains one of the primary attack vectors for cybercriminals. As per multiple industry reports, 91% of cyberattacks start with a phishing email. Despite the severity of the situation, many established cybersecurity solutions are unable to provide sufficient protection from sophisticated phishing attacks, mostly because they are built upon traditional security paradigms and are optimized for legacy infrastructure stacks. Our latest investment, IRONSCALES – a recognized leader in email security innovation, is changing the status quo.
Next Generation Product for the Cloud-Native Era
Driven by massive cloud adoption, enterprises have been investing heavily in cloud security technologies for the past few years to protect their new infrastructure stack. But when it comes to protecting the largest attack surface i.e. email, companies unfortunately are stuck with legacy and cumbersome Secure Email Gateway (“SEG”) driven solutions. SEGs require that all mail be re-routed, and the IT teams make and maintain MX record and DNS changes. Furthermore, SEGs are notoriously ineffective against zero-day threats, targeted phishing attacks and account takeover attempts and have limited ability to remediate once the malicious email has passed through their gateways.
IRONSCALES’ non-blocking cloud-native API deployment requires no physical plugins and can be installed on any device using G-Suite and MS Office 365 with a seamless two-click implementation process. IRONSCALES helps where e-mail security hurts the most – in the inbox with post-message delivery, detection, and remediation. Using a democratized approach to threat intelligence sharing, IRONSCALES combines advanced machine learning, natural language processing and human intelligence and delivers a self-learning platform that is fully autonomous in the classification and removal of email threats.
Product Oriented Leader and a Strong Team
Eyal Bensihti is exactly the kind of founder Jump Capital likes to back for building a world-class IT infrastructure company – he is deeply technical with domain expertise, has very strong product instincts and has the grit and resilience to offer the best-in-class product to his customers. IRONSCALES was incubated at the 8200 EISP, the top program for cybersecurity ventures, founded by alumni of the Israel Defense Forces' elite Intelligence Technology unit. The company is continuing to add to a very strong team including individuals from Checkpoint, Palo Alto Networks, McAfee and Elbit Systems. Recently IRONSCALES added Matthew McNulty as SVP of Worldwide Sales who is a seasoned sales, operations and finance expert, previously working as SVP of International Sales at security awareness training and simulated phishing platform KnowBe4.
The Email Security Platform Build
IRONSCALES is building a comprehensive email security platform to prepare and defend against full spectrum of phishing attacks. Some of the highlights of the platform include i) phishing simulation & training for employees to improve enterprise readiness against phishing attacks; ii) Mailbox-Level BEC Protection; and iii) a fully autonomous and AI-driven Virtual SOC Analyst (“Themis”). To enable security professionals to evaluate their organization’s email security defenses, IRONSCALES recently launched the industry’s first Phishing Emulator™, a fully automated solution that helps in relaunching real-world, unmodified phishing attacks built to bypass secure email gateways and authentication protocols.
We are thrilled to work with the IRONSCALES team and look forward to continuing to partner with them as they build an industry leading, next generation cloud email security platform.