• by Ray Schultz , August 10, 2020

Email security firm Ironscales has gained an $8 million Series B funding extension led by Jump Capital.

The new financing adds to the $15 million previously contributed by K1 Investment Management.  

The company plans to use the money to pursue an aggressive growth strategy and further develop its platform. 

Jump Capital Partner Saurabh Sharma will join the Ironscales board of directors. 

In addition, Ironscales has named Matthew McNulty as SVP of worldwide sales. Previously, McNulty served as SVP of international sales at security training firm KnowBe4.

“With this Series B extension, and with Jump and McNulty on our team, we will be able to accelerate our marketplace momentum through investments in both people and technology, helping reduce the risk from what has become a global email phishing epidemic,” states Ironscales founder and CEO Eyal Benishti.

In June, Ironscales launched Phishing Emulator, a tool that it says enables security professionals to relaunch real-world phishing attacks deigned to bypass secure email gateways and authentication protocols.  

Later that month, the company deployed natural language processing (NLP) to detect common business email compromise (BEC) attacks. The firm uses machine learning and neural networks to help firms stem attacks that bypass legacy email gateway defenses, Ironscales says.