Red Sift has secured $54m in Series B funding to accelerate its product development supercharge its global expansion.
The funding follows 12 months in which Red Sift more than doubled its annual recurring revenue and grew its global headcount nearly twofold.
CEO Rahul Powar (pictured) said: “This will help us empower more businesses to strengthen their cloud email security and protect their brands against impersonation, using our integrated cloud email and brand protection platform.
This is another step in achieving our core mission; to democratize the technology essential for cybersecurity, for everyone.”
Highland Europe led the investment round with participation from new and existing investors, including SANDS Capital, Oxford Capital, and MMC Ventures.
Sam Brooks, partner at Highland Europe, and Michael Graninger, partner at SANDS Capital, will join Red Sift’s Board of Directors.
The new investment brings the London-based company’s total funding raised to $69.8m.