Tech

Inky – An Anti-Phishing Startup Has Raised $20M in Series B Round

Inky
Credit card on fishing hook over scarlet background. Scam and phishing concept. Vector isometric illustration

Highlights

  • The anti-phishing startup has raised $20 million
  • The startup will expand to Asia, Europe, and Latin America
  • Attackers use phishing links to cheat human resources
  • Brilliant technology of this anti-phishing startup

An Anti-phishing startup Inky

Inky, an anti-phishing startup, has raised approximately 20 million USD in the Series B round. Insight Partners has led this round. This funding will assist the startup firm to give a firm push for larger adoption and expand to other international markets. These markets will include Asia, Europe, and Latin America.

The company began its journey with a brave mission a decade earlier. The mission was to recreate email with the desktop app, which would be focused on assisting the users to have organized and filtered inbox. However, later on 2018, the company moved away from its concentration and focused on the anti-phishing technology. After a year, the company raised a $5.6 million fund in its Series A round.

What Is This Phishing?

Phishing is a constant headache for every organization. These attacks depend on tricking the users. The users begin to think that the email is a genuine one and give away their passwords and personal information. The yearly data breach report from the Verizon demonstrates that around 22% of the breaches are the results of phishing. It is a technique that is used more often. Sometimes the invaders use tricky emails to cheat the users. These business email scams cost billions of dollars per year.

Technology of Inky

Inky’s brilliant technology works by trapping those phishing emails into the existing email systems such as Office 365, Exchange, and G-Suite as well as alerting the users. The technology alerts the users if the incoming emails seem unusual, unsafe, or malicious. This anti-phishing startup uses amazing technologies like machine learning to identify if the email seems to be a span. Also, the technology can detect whether the email is a phishing link or not. Inky has reported that the technology can block thousands of malicious or suspicious emails in a month.