AI-powered anti phishing startup INKY scores additional $6 million in funding to protect organizations from phishing attacks
Today, almost half of phishing emails pass through the traditional anti-spam filters. It is becoming increasingly difficult for current anti-spam filters to keep up as hackers continue to adapt and evolve their phishing and email attacks. INKY is an anti-phishing startup on a mission to protect organizations from phishing attacks.
Today, INKY announced it has raised an additional $6 million in funding to significantly expand its market reach and further extend its considerable lead in anti-phishing technology over both competitors and cyber criminals. The round was led by ClearSky Security, as well as participation from Gula Tech Adventures. In addition to the funding, INKY also announced that Ron Gula, Founder of Gula Tech Adventures, will join its Board of Advisors. To date, Inky has raised a total of $11.8M in funding over 3 rounds.
Founded in 2008 by Dave Baggett and Simon Smith, the Rockville, Maryland-based Inky is a developer of Inky Phish Fence, an email protection gateway that uses sophisticated AI, machine learning and computer vision algorithms to block deep sea phishing attacks that get through every other system. Inky Phish Fence can either quarantine suspicious emails or deliver them with disabled links and user-friendly warnings. It is easy to deploy for Office 365, Exchange, or G Suite.
“In the 18 months since our foundational investment in INKY, the company has racked up numerous key commercial wins and has improved the intelligence of the core INKY Phish Fence product well beyond what incumbent vendors are capable of. We’re thrilled to support INKY at this exciting inflection point for the company,” said Peter Kuper, Managing Partner ClearSky Security.
INKY was designed to use the power of cutting-edge computer vision technology to sift through the deceptive ways in which criminals are putting together phishing attacks today. INKY can detect and block phishing attacks that use even the most sophisticated tactics, such as hidden text and altered logos, before they reach end users.
“As an early investor in INKY and team, I’ve seen the real benefits of the company’s computer vision technology in preventing and catching phishing attacks before they are able to execute ahead of legacy anti-phishing technologies on the market today,” said Ron Gula, Founder, Gula Tech Adventures.
The company’s flagship anti-phishing solution, INKY Phish Fence, is equipped with anomaly detection algorithms and computer vision technology to identify and block brand forgery emails, spear phishing attempts and extortion attacks, while also alerting employees with helpful warning banners to unusual or suspicious emails, giving users specific guidance on potentially problematic messages.
“This latest round of funding allows INKY to significantly expand its market reach and further extend its considerable lead in anti-phishing technology over both competitors and cybercriminals,” says Dave Baggett, CEO of INKY.