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Email security company EasyDMARC has closed a $2.3 million seed round led by Acrobator Ventures.
The company, which provides businesses with tools to protect their email communications from cyber threats, will use the funding to expand its product offerings further and scale its operations.
EasyDMARC was founded in 2017 by Gerasim Hovhannisyan and Avag Arakelyan, who envisioned an all-in-one solution after experiencing an email phishing attack in their previous workplace. The company’s software helps businesses to implement DMARC (Domain-based Message Authentication, Reporting & Conformance), an industry-standard protocol that protects against email spoofing and phishing attacks.
“Our solution started from necessity, transformed into passion, and became a leading provider of DMARC,” said the founders as they described the company’s humble beginning.
At present, the company is famous for its comprehensive email security solution that helps businesses detect and block phishing attacks in real time. The company’s platform provides insights into the performance of email security systems and helps organizations improve their overall security posture.
Acrobator Ventures is a leading early-stage venture capital firm that invests in companies leveraging technology to enable new business models and drive disruptive change. This firm has a proven track record of success, with over 50 portfolio companies that have gone public or been acquired.
Email security is a growing concern for businesses of all sizes as cyber attacks continue to rise. According to the latest report compiled by Phishing Box, 36% of data breaches involve phishing. Phishing breaches resulted in around $30,000 median loss due to email compromise, with 85% of the violations involving human intervention.
The funding obtained by EasyDMARC will enable the company to keep providing businesses with the tools they need to protect themselves from email-based cyber threats. With this new seed funding round, EasyDMARC plans to continue growing its business and scale its operations to make email safe for everyone. The company has already made great strides in this area, and with this new funding, it will be able to do even more.
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