Real-time digital risk protection startup Memcyco raised $37 million in an oversubscribed Series A, bringing its total funding to $47 million to scale its agentless platform that prevents brand impersonation and account takeover attacks. The company will use the funds to expand globally—particularly in Latin America—and emphasizes proactive, real-time disruption of AI-driven phishing and ATO attacks to stop fraud before credential theft occurs. #Memcyco #AccountTakeover
Keypoints
- Memcyco raised $37 million in an oversubscribed Series A, bringing total funding to $47 million.
- The round was led by E. León Jimenes, NAventures, and Pags Group, with support from Capri Ventures and Venture Guides.
- Founded in 2021 and based in Boston and Tel Aviv, Memcyco offers an agentless platform to prevent brand impersonation and account takeover (ATO).
- Its covert, agentless anti-impersonation technology infiltrates the attack timeline to identify victims and disrupt attacks before credential theft or fraud occurs.
- The new capital will fund global expansion—especially in Latin America—focusing on proactive, real-time disruption of AI-driven phishing and ATO attacks.
Read More: https://www.securityweek.com/memcyco-raises-37-million-for-anti-impersonation-technology/