Area 1 Security, a stealth cybersecurity startup aimed at eliminating targeted and advanced social engineering attacks, announced today that it has raised $8 million in the Series A funding round. The latest round brings the total funding for Area 1 Security to $10. 5 million, led by Ted Schlein at Kleiner Perkins Caufield & Byers (KPCB)
Area 1 Security will use capital to advance product development and expand the proprietary technology of the company, which identifies and disrupts phishing and other targeted social engineering attacks in the wild.
Founded in 2013 by former NSA leaders, including CEO Oren Falkowitz, Blake Darche and Phil Syme, Area 1 Security has more than doubled in size this year, adding distinguished industry leaders from Cisco, FireEye, MIT and Solera Networks.
‘Targeted social engineering attacks against enterprise networks through phishing, watering holes and malvertising have caused the greatest damage to business operations and have gone unchecked for too long,’ says KPCB general partner Ted Schlein. ‘Area 1 Security has the unique ability to tackle this challenge at the point of entry and stop advanced cyber campaigns before they can cripple the brand of an enterprise. ”
With the addition of KPCB’s Ted Schlein to its board of directors, the company is well positioned to deliver its new technology to actively identify and prevent advanced socially engineered attacks before they affect enterprise networks.
‘Social engineering attacks are one of the greatest pain points for security teams today, with adversaries using them as an effective means of gaining access to enterprise networks,’ said John N. Stewart, Chief Security Officer and Cisco Systems Trust Officer ‘Enterprises must complement education and awareness on an internal basis with an external view of business adversaries, their intentions and their ongoing actions, in order to best protect themselves. ”
In addition to KPCB, previous investors in Area 1 Security have again invested in the Series A round of the company, including Allegis Capital, Cowboy Ventures; Data Collective (DCVC); First Round Capital; Ray Rothrock, CEO of RedSeal Networks and former Venrock partner; and Derek Smith, CEO of Shape Security, Derek Smith.
‘The growth of Area 1 over the past year is a testament to the massive problem area we are targeting,’ says Oren Fakowitz, CEO of Area 1 Security. ‘With this latest round of funding and recent executive hires from top companies and research institutions across the industry, we have what it takes to perfect our next generation product and deliver a truly new and dynamic business solution. ”
Area 1 Security is growing fast and hired aggressively at all levels. Visit Area1Security to learn more. Come on,
Area 1 Security
Headquartered in Menlo Park, CA, Area 1 Security is developing a product aimed at eliminating targeted, socially engineered cyber attacks. Founded by security experts from the NSA and MIT, as well as data analytics specialists from the NSA and Disney, the stealth mode startup has raised $10. Total funding of 5 million to date Investors include Ted Schlein at Kleiner Perkins Caufield & Byers, Allegis Capital, Cowboy Ventures; Data Collective (DCVC); First Round Capital; Ray Rothrock, CEO of RedSeal Networks and former Venrock partner; and Derek Smith, CEO of Shape Security.
About Kleiner Perkins Caufield and Byers (KPCB)
Kleiner Perkins Caufield & Byers (KPCB) partners with the brightest entrepreneurs to turn disruptive ideas into globally changing businesses. The company has helped to build pioneering companies such as Amazon, Electronic Arts, Genentech, Google, Nest, Netscape and Twitter. KPCB offers entrepreneurs years of operational experience, puts them at the center of a vast and influential network and accelerates their success through expertise and support in recruitment, product design and delivery, business development, strategic partnerships and brand building. KPCB invests from seed and incubation to growth companies at all stages and operates from offices in Menlo Park, San Francisco, Shanghai and Beijing. Visit https://www for more information. Kpcb is Come and follow us at @kpcb
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