Sendmarc, a prominent player in email and domain security, has successfully secured $7 million in series A funding, led by Atlantica Ventures and supported by a group of investors that includes Allan Gray E-Squared Ventures, Fireball Capital, Endeavor Catalyst, 4Di Capital, Kalon Venture Partners, Endeavor Harvest, and Alpha Private Capital. The funding will enable Sendmarc to continue its efforts to enhance internet safety by providing solutions that enhance email security, reduce online fraud, and mitigate cyber threats.
Sendmarc’s mission is to provide its customers with the best email and domain security, with a focus on making the internet a safer place. The funding will be used to expand the company’s market enablement strategy and to continue improving its product.
The company’s CEO and founder, Sam Hutchinson, said that they are proud to have protected over 10 billion emails from impersonation last year, and with this new funding, they can expand their market enablement strategy and continue to improve their product while remaining hyper-focused on being the best in this specific area of defence.
Cybercrime, often starting with email impersonation, commonly known as phishing and spoofing, accounts for over 90% of all cyber threats. Sendmarc’s solutions help their clients tackle this problem by securing their email domains and monitoring them for attempted abuse. Subscribers to Sendmarc.com have access to a suite of tools that implement, monitor and maintain global best practices for email and domain security, which are the same practices used by leading companies such as the US government, NASA, and other top organizations.
Sendmarc has a growing list of customers from a wide range of industries, including stock exchanges, banks, insurance companies, tech companies, retailers, municipalities, law firms, and law enforcement agencies in South Africa, North America, Europe, Australia and Latin America. The company actively enforces email and domain security protection for thousands of companies worldwide.
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