Email Security Leader IRONSCALES Increases Revenue By 115% in 2019; Grows Partners By 130%
Innovator of AI-driven self-learning email security platform concludes another year of monumental growth as advanced phishing threats continue to proliferate in frequency and sophistication around the world
ATLANTA, Jan. 27, 2020 /PRNewswire-PRWeb/ -- IRONSCALES, the pioneer of AI-driven self-learning email security, today announced that it increased its annual recurring revenue by 115% in 2019, driven by a 130% increase in channel partnerships with MSSPs, MDRs, resellers and distributors. From January-December 2019, the majority of IRONSCALES' revenue growth came primarily from net new mid-market and enterprise customers within the technology, healthcare and financial services industries located in the United States, United Kingdom, Japan, Mexico and India, among many other countries across the globe. To support this growth, IRONSCALES hired a total of 21 new employees across four continents in roles spanning, sales, customer success, marketing, and research and development.
"High-quality phishing attacks were once again the primary catalyst for the vast majority of cyberattacks in 2019," said Eyal Benishti, IRONSCALES founder and CEO. "To reduce the risk from such attacks, the team at IRONSCALES has worked incredibly hard to deliver on our promise of a new and decentralized approach to email security, one that doesn't rely on outdated SEGs and protocols but rather on the power of information sharing, artificial intelligence, complete automation and real-time response. I am very proud of what the team has accomplished this year and look forward to many more amazing milestones in the decade to come."
Additional 2019 IRONSCALES Milestones Include:
- Garnered a total of six awards, including in the categories of best anti-phishing security solution, innovation in next generation security and automation in email security.
- Launched email security's first mobile app, allowing SOC and security analysts to access the incident response center while on-the-go, providing unprecedented access to make time-sensitive decisions on phishing mitigation and resolve incidents immediately with one click.
- Raised a $15 million Series B led by returning investor K1.
- Published research on polymorphic phishing attacks, credential stealing phishing websites and the ineffectiveness of secure email gateways against email spoofing attacks.
- Surpassed 1,000 customers worldwide, subsequently enhancing the accuracy of its email phishing threat intelligence sharing capabilities.
- Relocated two senior level team members from Tel Aviv to Atlanta to better support company scale.
To help solve the email phishing epidemic, IRONSCALES helps where email security hurts the most, in the inbox with pre and post-message delivery, detection, and remediation. Through a self-learning platform that provides for fast, easy, and seamless collaboration, IRONSCALES puts its customers on offense, empowering them to defend against sophisticated email attack techniques automatically in a proactive and predictive manner. Using a decentralized approach to threat intelligence sharing, IRONSCALES makes anti-phishing effortless and seamless for both security professionals and end-users. Additionally, IRONSCALES is the only email security provider to offer mobile applications for iOS and Android, enabling security analysts to access the platform's incident response center while on the go, providing unprecedented access to make time-sensitive decisions on phishing mitigation and resolve incidents immediately with one click.
"The speed at which it [IRONSCALES] identifies and remediates is the core of the product," said Micah Norton, Directory Manager, Dalton State College.
For more information about IRONSCALES AI-driven self-learning email security platform, visit http://www.ironscales.com and follow @ironscales on social media.
About IRONSCALES
IRONSCALES is the future of phishing protection, incubated inside the world's top venture program for cybersecurity and founded by alumni of the Israel Defense Forces' elite Intelligence Technology unit. We offer security professionals and end users an AI-driven, self-learning email security platform that provides a comprehensive solution to stop tomorrow's phishing attacks today. Using the world's most decentralized threat protection network, our platform accelerates the prevention, detection and remediation of phishing attacks already inside your email with threat removal times in seconds, not minutes or hours. We give organizations of all sizes complete anti-phishing protection against any type of phishing attack, right now. Visit http://www.ironscales.com to learn more about The Power of Now.
SOURCE IRONSCALES
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