Email security firm Valimail has landed $45 million in Series C funding from Insight Partners.
That sum, combined with prior investments from Tenaya Capital, Shasta Ventures, Bloomberg Beta, and Flybridge Capital Partners, brings total funding since Valimail’s founding in 2015 to $84 million.
Valimail will use the funds to speed up expansion of its product offering, partnerships and global footprint, the company says.
The firm offers an “automated, identity-based solution for protecting email,” states Valimail CEO and co-founder Alexander García-Tobar.
Its mission is to “make enterprise email trustworthy, both for inbound and outbound messages,” García-Tobar adds.
Valimail recently formed a global partnership with Symantec to sell a joint email authentication solution, and it has expanded its network of other VARs, SIs, and email security vendors.
In addition, it has partnered with Microsoft to create an email visibility product for Microsoft Office 365 customers.
The firm contends that the lack of identity resolution is at the heart of the ongoing phishing crisis.
"Phishing and business email compromise (BEC) attacks are on the rise around the world and the losses have mounted into the billions, Thomas Krane, vice president at Insight Partners.
Krane argues" "It's clear that other email security technologies have not solved this urgent global problem.”
Founded in 1995, Insight Partners has over $20 billion of assets under management