Email-focused cybersecurity firm Vade Secure has agreed to a €70 million (approximately US$79.3 million) investment by venture capital firm General Catalyst.
The company provides what it calls “predictive email defense” and says it currently protects 600 million mailboxes in 76 countries. Customers include major ISPs, OEMs, and enterprises, such as Comcast, British Telecom, Orange, Softbank, Fujitsu Cloud Services, NTT Comm, Telstra and Cisco.
While the financing is pending regulatory approval by French authorities, Vade Secure says it plans to use the new funding to enhance its flagship offering and accelerate growth with a focus on expanding its business customers through Managed Service Providers (MSPs).
Vade’s email security platform provides native integration with Office 365 and is easy to deploy with no MX changes required.
“With the funding, we will continue to invest in our AI-based threat detection engine and build on Vade’s leadership in email security for ISPs,” said Georges Lotigier, Vade Secure’s CEO. “In addition, we have a unique opportunity to capitalize on the market disruption caused by the industry shift from on-premise hosted email to the adoption of cloud-based email platforms.”