• by Ray Schultz , June 22, 2018

Agari, the email cybersecurity firm, has raised $40 million in Series E funding, bringing its total financing to $88 million.

The funding was provided by an investor group led by Goldman Sachs Growth Equity, with “oversubscribed” participation from existing investors, the company says.  

Agari’s major investors include Norwest Venture Partners, Scale Venture Partners, Battery Ventures, Greylock Partners, First Round Capital and Alloy Ventures.

Olga Kaplan, who serves as a VP in Goldman Sachs’ merchant banking division, will join Agari’s board of directors.

The money will fuel Agari’s expansion in Europe and Asia and help the firm build its channel partnerships worldwide.

It also will go into strengthening Identity Intelligence, the AI platform that supports Agari products, and in Agari’s authentication technology based on DMARC.

Agari’s customers include Aetna, Informatica, Neustar, Air Canada, the U.S. Postal Service, Facebook, Microsoft and Google.

“The overwhelming majority of cyberattacks still originate via email, and are becoming increasingly sophisticated.,” Kaplan says. “Agari takes a fundamentally different approach by leveraging identity modeling and machine learning to prevent cyber attacks that legacy technologies simply do not stop.”