Pre-Emptive Anti-Phishing Firm Area 1 Security Raises $25 Million

29 June 2020

Pre-Emptive Anti-Phishing Firm Area 1 Security Raises $25 Million

Redwood, California-based anti-phishing firm Area 1 Security has raised $25 million in a Series D funding round led by and supported by existing investors Kleiner Perkins, Icon Ventures and Top Tier Capital. Area 1 describes itself as pre-emptive solution, able to detect attack attempts up to 24 days before the attack.

Cybersecurity focused venture investor ForgePoint Capital has closed its second fund (Fund II) with $450 million in capital commitments, the firm said Wednesday.

Formerly known as Trident Capital Cybersecurity, San Mateo, Calif.-based ForgePoint has more than 40 cybersecurity investment in its portfolio and $750 million under management.

According to ForgePoint, Fund II is the largest fund dedicated exclusively to cybersecurity, and will focus on areas including cyber intelligence, privacy, security services and infrastructure protection. As an early stage investor, the firm typically invests between $5 million to $30 million per company.

“While some venture firms include cybersecurity as an investment theme, our team has a singular focus on the market, driving unparalleled domain expertise and insights into emerging industry trends,” said Don Dixon, Co-Founder and Managing Director.

“We believe that global prosperity and national security depend upon a commitment to protect the digital world,” said Co-Founder and Managing Director Alberto Yépez. “At ForgePoint, we have assembled one of the most experienced teams of cybersecurity experts. We bring deep operating know-how from more than 80 years of combined industry experience to help entrepreneurs build lasting companies.”

The investment firm has built an advisory council comprised of 60 experts that includes entrepreneurs, CEOs of private and public cybersecurity companies, CISOs of large enterprises and former government security leaders.

Recent investments include SOC-as-a-Service company Cysiv, cyber risk analytics firm CyberCube, privileged access management (PAM) solution provider Remediant, Secure Code Warrior, and threat detection firm Huntress Labs.

For more than 10 years, Mike Lennon has been closely monitoring the threat landscape and analyzing trends in the National Security and enterprise cybersecurity space. In his role at SecurityWeek, he oversees the editorial direction of the publication and is the Director of several leading security industry conferences around the world.