Valimail, a platform that uses automation to help companies establish the authenticity of emails, has raised $25m in fresh funding.
The company’s Series B round was led by Tenaya Capital, with participation from Shasta Ventures, Flybridge Capital Partners, and Bloomberg Beta.
With Impersonation-based email attacks being the number one vector for cyberattacks of all kinds, Valimail’s Identity-Driven Email Anti-impersonation (IDEA) platform claims to stop these attacks by automating implementation and ongoing management of email authentication.
Leveraging open standards, such as SPF, DKIM, and DMARC, the platform ensures that unauthorised senders using an organisation’s domains in email messages are automatically blocked globally.
“Valimail’s technology represents the perfect convergence of a huge need (stopping impersonation and restoring trust to email), a rapidly growing market, and a revolutionary technology led by an experienced, disciplined team,” said Brian Melton, managing director at Tenaya Capital. “Valimail’s automation platform is a best-in-class solution that’s already found a substantial market and widespread recognition for its technical superiority. It will have wide application in the years to come,” he added.
The company provides its solutions to the technogoly, financial services, healthcare and government sectors, providing automated DMARC enforcement, anti-phishing, brand protection, better email deliverability, and regulatory compliance.
With firms facing the likes of FTC, GDPR, and he DHS Binding Operational Directive, among others, automated email authentication is becoming a vital part of compliance. Valimail claims with its automated email authentication cloud service, getting to compliance ‘is easy’. Unlike other solutions that are based on consulting models that push the burden of compliance on you, Valimail provides a fully automated solution.
Trust in the financial services sector is threatened by the scourge of email impersonation attacks. Valimail’s email authentication technology stops criminals and unauthorised services from sending email impersonating a user’s company. For inbound email, executive spoofing (impersonation) is blocked, reducing BEC, W2, and other email fraud attacks.
For outbound email, only legitimate transaction notifications, banking alerts, and trade confirmations are delivered, so customers can trust their inbox communications from your firm. Additionally, Valimail optimises deliverability, which increases the efficiency of outbound marketing, upsell, and cross-sell campaigns.
“Valimail was founded to bring trust to the world’s communications, starting with email. In a world of first-generation solutions with failure rates over 70 percent, we believed total automation was a necessary approach,” said Alexander García-Tobar, co-founder and CEO of Valimail. “The past three years have proven our thesis that the market both needs and values automated authentication. Now we’re prepared to make our platform available worldwide.”
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
