INKY Email Phishing Protection Raises $20M Funding; Insight Partners Jumps In
INKY Technology, a company that specializes in email phishing protection, has secured $20 million in a Series B funding round led by private equity firm Insight Partners. The company will use the funding to expand its go-to-market efforts globally, INKY CEO Dave Baggett stated.
The Series B funding brings INKY’s total financing to date to $31.6 million. Furthermore, the funding comes as INKY is building out its channel and partner programs.
Take a closer look, and you’ll notice that Insight previously invested in cybersecurity companies Darktrace, SentinelOne, Armis, and Tenable. Also, Insight owns MSP-focused software company Kaseya.
What Is INKY?
INKY offers a cloud-based email security platform that understands email, searches for signs of fraud and identifies cyberattacks, the company stated. In doing so, INKY helps organizations detect and mitigate spam, malware and other cyber threats.
The INKY platform detects phishing attacks via computer vision, AI and machine learning, the company noted. It places warning banners directly in emails and offers guidance to help end-users identify and address suspicious emails.
In addition, the INKY platform tracks cyberattacks as they are blocked and provides visibility into cyber threats, according to the company. It also can be integrated into an organization’s existing systems with no downtime.
Email security services enable organizations to guard against phishing, business email compromise (BEC) attacks and leakage of the sensitive data, according to ESG Global. As the cyber threat landscape evolves, organizations may increasingly prioritize these services.