Cybersecurity Firm PhishLabs Closes $7M Series B Round

phish-labs-logo

Charleston-based PhishLabs, one of the fastest-growing cybersecurity firms in the United States, closed a $7 million Series B round from Fulcrum Equity Partners, a growth equity fund in Atlanta, GA.

The funding will be used to accelerate growth and build upon the company’s success in transforming how organizations stop spear phishing attacks and data breaches.

“The way most organizations try to stop phishing attacks isn’t getting the job done. We are changing that and we’re thrilled to have the support of Fulcrum Equity Partners as we grow,” said John LaCour, Founder and CEO of PhishLabs.

Founded in 2008, PhishLabs is a leading provider of 24/7 cybercrime protection and intelligence services that fight back against online threats and reduce the risk posed by phishing, malware, distributed denial of service (DDoS) and other cyber attacks. The company is trusted by top organizations worldwide, including 4 of the 5 largest U.S. financial institutions.

PhishLabs combines proprietary technology, intelligence, and human expertise to rapidly detect, analyze, and stop targeted cyberattacks before they impact organizations. Additionally, the company provides robust threat intelligence that strengthens existing cyber defenses and optimizes threat prevention. Leading organizations partner with PhishLabs to more effectively disrupt targeted cyberattacks, prevent data breaches, and reduce online fraud.

PhishLabs ranked for the second consecutive time in this year’s Inc. 5000 list of fastest-growing private companies. The company’s 376 percent, three-year revenue growth earned a ranking of 1135 and placed PhishLabs among the top twenty security firms recognized in the list.

In June, PhishLabs launched Spear Phishing Protection, the industry’s first around-the-clock security service designed to disrupt spear phishing attacks before the compromise of targeted systems and data.

The new Spear Phishing Protection service disrupts targeted threats early in the attack process, preventing the compromise of critical systems, sensitive data, and other information assets. Aided by proprietary threat analysis technology, PhishLabs experts confirm and rapidly dissect spear phishing attacks, analyze malware, extract threat indicators, and establish meaningful threat context that drives fast and effective attack mitigation.

“PhishLabs has gained unmatched expertise and deep domain knowledge from fighting back against real-world phishing threats,” said Frank X. Dalton, partner with Fulcrum Equity Partners. “They are uniquely poised to help organizations solve their phishing problems.”

 

Related News