Vade Secure has announced it has secured €70 million in funding from General Catalyst. The money will be invested in machine learning technology for its predictive email security solution to improve its threat detection capabilities and for improvements to its email security solution for Office 365.
Vade Secure is also planning a major global expansion and part of the finance will be used to expand its global footprint and accelerate growth. One area where Vade Secure plans to make major gains is in the Managed Service Provider (MSP) market. The company is developing a go-to-market solution for MSPs serving businesses in North America, Europe, and Japan.
Vade Secure has a strong record of hypergrowth over the past four years and the company has already embarked upon a major expansion globally with major deals across Europe, the United States, and Japan. The company’s email security solutions are now protecting more than 5,000 businesses, including internet service providers, OEMs, and enterprises such as British Telecom, Softbank, Orange, Comcast, NTT Comm, Cisco, Telstra, and Fujitsu Cloud Services.
The company has recently collected several industry accolades for its email security solution, including a 2019 InfoSec Award for Most Innovative Anti-Phishing Solution from Cyber Defense Magazine. The company’s email security solution has also been named one of CSO Magazine’s Hottest New Cybersecurity Products at RSA 2019 and Vade Secure for Office 365 received a 5/5 score from SC Magazine.
“I am truly excited about this investment from General Catalyst. It validates our strategy and, more importantly, allows us to accelerate our goal to revolutionize the email security market through the application of machine learning and a comprehensive view of threats as they emerge in real-time worldwide,” said Georges Lotigier, Vade Secure’s CEO.
As part of the finance agreement, General Catalyst investors Paul Sagan, the former CEO of Akamai Technologies, founder and former CEO of Datto, Austin McChord, and Matthew Brennan will join the Vade Secure board.