May 22, 2024

Bolster Announces $14M Series B led by M12, Microsoft’s Venture Fund, to Accelerate Innovation in Multi-Channel Threat Protection

SANTA CLARA, Calif.May 22, 2024 /PRNewswire/ — Bolster, a leader in multi-channel phishing protection, announced a $14 million Series B financing round led by new investor M12, Microsoft’s venture fund. Existing investors Thomvest Ventures, Crosslink Capital, Liberty Global Ventures, Cheyenne Ventures, Cervin Ventures, and Transform Capital also participated. The financing brings Bolster’s total funding to over $40 million.

Over 90% of all cyberattacks begin with phishing, according to the Cybersecurity Infrastructure Security Agency, and nearly 43% of all phishing attacks in Q4 2023 were on social media platforms, according to the Anti-Phishing Working Group.

Assisted by AI, attackers deploy sophisticated phishing and impersonation attacks across all digital business channels. To respond to the growing digital threats, businesses need to leverage leading AI security vendors, like Bolster, which supports over 120 customers including some of the world’s most well-known brands. Bolster uniquely detects and eradicates phishing and impersonation attacks as they weave across malicious websites, mobile applications, social media platforms, and messaging tools. Read rest here.