News
Perception Point Raises $28 Million in Series B Funding to Advance Messaging and Collaboration Protection for Enterprise Users
April 2021 by Marc Jacob
Perception Point, a email and collaboration security company, offering fast interception of content-based attacks as a service, announced it has raised $28 million in Series B, bringing the total funding to $48 million. The new funding round was led by Red Dot Capital Partners and joined by global investor NGP Capital along with existing investors Pitango Venture Capital and State of Mind Ventures (SOMV). Yoram Oron and Atad Peled from Red Dot Capital Partners, and Bo Ilsoe from NGP Capital will be joining the company’s board of directors. Funds from this round will be used to fuel rapid growth, expand to new markets, accelerate product innovation and grow the team to support customer demand.
In 2020, Perception Point recorded its most successful year since its inception. The company tripled its recurring revenue and expanded its customer portfolio to include users from multiple industries, such as telecom, tech, retail, food and beverage, healthcare, financial services, and more. The company also doubled its number of Fortune 500 customers and developed a strong network of partners, including global resellers and MSSPs.
The need for enterprises to be agile, data savvy, and responsive to any change has only intensified since the COVID-19 pandemic outbreak. As a result, companies now deploy on average 6 different communication and collaboration solutions to support their business operations, including email, cloud storage platforms, messaging apps, CRM, and more to help them communicate with internal and external stakeholders. These growing numbers of channels are fertile ground for cybercriminals to launch content-based attacks.
Perception Point has formulated a comprehensive three-pillar approach for protecting businesses from content-based attacks, which provides the most effective detection, supports admins and end-users with full Incident Response services, and covers all communication channels. In addition, the solution is offered through easily implementable API technology, enabling clients to get immediate protection. This combination enables Perception Point to not only intercept more incidents prior to compromising end-users, but also ensures that all events are fully and rapidly contained and remediated. It is a cybersecurity service that works for its users, and not the other way around.
Perception Point is a Prevention-as-a-Service company, offering fast interception of any content-based attack across all collaboration channels, including email, cloud storage, CRM apps, and messaging platforms. The company prevents phishing, BEC, spam, malware, Zero-days, and N-days well before it reaches enterprise users. Deployed in minutes with no change to the enterprise’s infrastructure, the Perception Point solution confirms with any policy and requires zero fuss from IT teams. The company’s Incident Response team serves as a force multiplier to the enterprise’s SOC team.
