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Sublime Security, recently announced it has raised $60 million in Series B funding, bringing the company’s total funding to $93.8 million. The current round was led by IVP, with participation from new investor Citi Ventures, as well as existing investors Index Ventures, Decibel Partners, and Slow Ventures. The latest funding will support continued investment in Sublime’s platform and community.
Sublime Security is also welcoming Colin Jones as President to run go-to-market. Jones was most recently Chief Revenue Officer at Wiz, where he led go-to-market and drove company growth from $0 to $250M in revenue.
“Email is the backbone of business communication but remains an outsized cybersecurity risk,” said Cack Wilhelm, General Partner at IVP. “Sublime not only gives security teams an effective and easy-to-use platform but also a transparent and configurable product. As the age of AI shifts the landscape, CISOs are looking to Sublime for an email security solution that can keep up.”
AI is changing the economics of phishing The new round of funding comes as generative AI has made it easier and more cost-effective for threat actors to send highly targeted and varied attacks in high volumes. As attackers adapt their strategies, companies must keep pace and a one-size-fits-all approach to email protection is no longer sufficient. In 2023 alone, reported losses from Business Email Compromise (BEC) were nearly $3 billion with an even higher amount likely unreported.
“GenAI has radically changed the email security problem and yesterday’s solutions can’t solve the challenges of today and tomorrow,” said Josh Kamdjou, Founder and CEO of Sublime Security. “The future of email security lies in the flexibility to address new techniques from attackers and solve the real problems security teams see everyday with email. We’re thrilled this new funding will accelerate our mission to make email safer for everyone.”
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