Bolster, a leading provider of multi-channel phishing protection, has secured $14 million in a Series B funding round, increasing its total funding to over $40 million. The investment was led by Microsoft’s venture fund M12, along with contributions from several prominent investors including Cervin Ventures and Crosslink Capital. Founded in 2019 and headquartered in Santa Clara, California, Bolster specializes in detecting and thwarting phishing and impersonation attacks across various platforms such as mobile apps, messaging tools, websites, and social media.
Utilizing advanced AI and machine learning models, Bolster trains algorithms to identify phishing URLs, domains, emails, and natural language texts at scale. This technology supports over 120 customers, including major brands, by providing real-time protection against phishing threats. The company plans to utilize the new funding to accelerate its go-to-market strategy, focusing on enhancing executive monitoring capabilities, improving business email compromise (BEC) detection and prevention, and automating threat-hunting processes.
Co-founder and CTO of Bolster, Shashi Prakash, emphasized the company’s commitment to leveraging generative AI for proactive detection and response to phishing attacks, addressing a critical cybersecurity challenge faced by businesses globally.
