Predictive email defence startup Vade Secure has netted €70m in a financing agreement with venture firm General Catalyst.
From the funding, Vade will accelerate its growth and global expansion efforts, focusing on a go-to-market strategy based around servicing business customers through managed service providers (MSPs). Additionally, Vade will look to invest into its machine learning-powered threat detection capabilities and its email security solution for Office 365.
The investment will boost the cybersecurity company’s strong four year’s of hypergrowth and international expansion. The company is now present across North America, Europe and Japan.
Vade leverages threat intelligence to detect targeted email attacks and unknown, signature-less threats. Machine learning modules are trained through billions of protected mailboxes around the world, lowering the false positive/false negative rates and unique graymail classification.
Vade has more than 5,000 clients around the world, including Comcast, British Telecom, Orange, Softbank, Fujitsu Cloud Services, NTT Comm, Telstra and Cisco.
Vade Secure CEO Georges Lotigier said, “With the funding, we will continue to invest in our AI-based threat detection engine and build on Vade’s leadership in email security for ISPs.
“In addition, we have a unique opportunity to capitalize on the market disruption caused by the industry shift from on-premise hosted email to the adoption of cloud-based email platforms. With a significant advantage in our core technology and easy-to-implement solution, we plan to rapidly become the de facto standard for Office 365 email protection, in a complement of the platform’s own security.”
As part of the deal, former CEO and founder of Datto and General Catalyst investor Austin McChord will join the Vade board of directors. Joining alongside McChord will be General Catalyst investors Paul Sagan and Matthew Brennan.
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