NEWS ANALYSIS -- More than 17 years after Bill Gates’s famous declaration that the spam problem was close to being solved for good, the corporate inbox continues to be a lucrative target for malicious hackers. Now, a wave of well-funded email security startups are emerging to take another stab at securing the entry point for almost all major cyber attacks.
Email security specialists Armorblox on Thursday announced a new $30 million venture capital funding round, joining a growing list of well-heeled startups taking a stab addressing one of cybersecurity’s most difficult problems: keeping malicious hackers out of corporate mailboxes.
Armorblox, based in Sunnyvale, Calif., has now banked a total of $46.5 million to position itself nicely to continue to shave away at market share from incumbents like Proofpoint, Mimecast and Forcepoint.
The company says it will use the new funding to build out its engineering and data science teams and double down on its bet that the magic of machine learning can effectively address the kinds of targeted email attacks that hit businesses of all sizes.
Armorblox sells a platform that connects over APIs and analyzes thousands of signals to understand the context of email communications. Security teams can use the data from the platform to block targeted phishing attacks, protect sensitive PII and PCI, and automate remediation of user-reported email threats.
While the overuse of “ML/AI” buzzwords can ruin any attempt at properly discussing ML/AI capabilities, Armorblox CEO DJ Sampath is bullish on leveraging natural language understanding, deep learning, traditional machine learning, and detection techniques to organize signals across identity, b ..
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