Clearedin addresses phishing beyond email, integrating with Office365, GSuite and Slack
San Jose, CA (June 25, 2019) -- Clearedin, the communications trust graph company announced today that it has raised $4.75M to eliminate phishing across email and other channels. Clearedin’s differentiated approach to phishing defense, powered by their patented Trust Graph, won the confidence of venture capital investors.
Last year, phishing attacks grew 65%, affecting 76% of businesses--and incidents per capita continues to rise. Phishing alone cost businesses $12B last year, despite the billions spent on user training and traditional email security.
“Email is simply the first vector for weaponizing social engineering attacks via phishing", said Deepak Kumar, co-founder and CEO of Clearedin. “We created Clearedin to address phishing by attacking the root cause -- how do I know you -- and then using that knowledge across all channels including Office 365, G Suite, and Slack.”
Serial entrepreneur and investor Anshu Sharma incubated the company with Deepak Kumar and Ranjeet Vidwans in 2017. Clearedin decided that the old way of email security is overly reliant on email headers and protocol while ignoring the most important element of trust - history of communications. Clearedin’s AI learns who you communicate with, and uses that knowledge to build the Trust Graph.
In the past year, Clearedin has extended the solution to include Slack, Microsoft Office 365, and Google G Suite.
“Clearedin’s solution has consistently, dramatically reduced our risk and amount of time we’ve spent on phishing defense, really becoming more of an offensive addition to our Email,” said Christine Ray, CISO of Unqork. “More importantly, it has addressed any business’ biggest vulnerability when it comes to phishing attacks — email header limitations. As my team uses the service, they have become more aware of what a sophisticated fraudulent email looks like which is in fact like every other email. A great tool like ClearedIn allows us reveal more prominently when email headers are fraudulent and senders are not in fact who they appear to be which results in smarter and more phish savvy staff!”
In addition to the active defense for end users, Clearedin has built a tool for administrators so they don’t have to buy many different products just to be able to deal with phishing. The Clearedin Dashboard quickly outlines why an email has been marked as suspicious or as phish. In turn, administrators get a deep look at the domains and users with which their organization is communicating — helping IT teams to fine-tune their defenses.
Bonfire Ventures led the round with participation from the venture arm of Mitsui Insurance Group, MS&AD Ventures. Brett Queener of Bonfire joins the board of directors. He previously served as EVP of product at Salesfore.com and currently serves on several boards.
Other investors include Dave Kellogg (former CEO of Host Analytics), Ajay Mishra (co-founder of MobileIron), Warren Adelman (former CEO of GoDaddy), and current Salesforce and Google executives.
With this round of funding, Clearedin plans to make an aggressive push to market, expanding front-of-house and business operations staff, as well as integrate with other platforms.
“Early market feedback shows we are onto something big and sorely needed, and our rapid growth and user retention rate tell us that our software has changed how the entire cybersecurity industry is thinking about the phishing epidemic,” said Ranjeet Vidwans, co-founder.
Clearedin is a Software-as-a-Service provider that is changing the future of one of cybersecurity’s biggest problems: phishing. Clearedin’s patented Trust Graph uses Machine Learning to automatically defend organizations from the ever-evolving tactics of malicious actors while delivering a modern defense platform that engages and educates employees--while keeping them safe. To learn more, visit www.clearedin.com.