Email security firm Red Sift has raised $54 million in Series B funding, bringing its total financing to $69.8 million.
The firm will use the funds to further accelerate its global expansion, with initiatives planned for the Asia-Pacific, Europe, and Middle East regions. In addition, Red Sift is planning a new U.S. headquarters in Austin, Texas. And it is hiring in all departments and working on platform innovation.
The funding round was led by Highland Europe with participation from new and existing investors, including Sands Capital, MMC Ventures, and Oxford Capital Partners. Sam Brooks, partner at Highland Europe.
Michael Graninger, partner at Sands Capital, will join the Red Sift Board of Directors.
Red Sift offers OnINBOX, a threat protection tool. And it will launch OnDOMAIN, which it says enables security personnel to quickly shut down phishing sites while protecting their brands. OnDOMAIN will become generally available in early Q2 2022.
In addition, Red Sift automates Brand Indicators for Message Identification (BIMI) and DMARC certification through its OnDMARC product, providing BIMI certification with partner Entrust.
The firm’s mission is to protect clients against “multiple interconnected threat vectors” states Rahul Powar, CEO of Red Sift, who co-founded the company with Randal Pinto.
Graninger sees Red Sift as a “partner to its customers in countering the bad guys by offering a platform to protect organizations from multiple, varied and interconnected threat vectors.”