Total amount raised
$46.5 Millions
Latest funding date
09/01/2022
Location
Armorblox has successfully raised funding through multiple rounds, attracting 15 investors, including S Ventures and Will Strafach. The company was acquired by Cisco on May 31, 2023, marking a significant milestone in its journey.
Keep reading to explore the intricacies of Armorblox's fundraising journey and the investors backing this innovative platform.
What Is Armorblox?
Armorblox, founded in July 2017, is a cybersecurity company headquartered in Sunnyvale, California. The company specializes in using deep learning and natural language technologies to protect enterprise communications.
With a team of 101-250 employees, Armorblox was co-founded by Anand Raghavan, Arjun Sambamoorthy, Chetan Anand, and Dhananjay Sampath. The company was acquired by Cisco on May 31, 2023, and now operates as part of Cisco's Security Business Group.
How Much Funding Has Armorblox Raised?
- Pre-Seed Round
- Amount Raised: Not specified
- Date: July 2017
- Lead Investors: Not specified
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their AI-driven cybersecurity platform.
- Series A
- Amount Raised: $16.5M
- Date: February 2019
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure early adopters and further develop their platform.
- Series B
- Amount Raised: $30M
- Date: February 2021
- Lead Investors: Next47
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and business reach.
- Venture Round
- Amount Raised: Not specified
- Date: September 2022
- Lead Investors: S Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance email security and expand into new communication platforms.
Total Amount Raised: $46.5M
Current Valuation: Not publicly disclosed
Key Investors
- S Ventures
- Details: S Ventures is a venture capital firm that invests in early-stage technology companies. They focus on innovative solutions that have the potential to disrupt existing markets.
- Investment Focus Areas: Technology, Cybersecurity, Artificial Intelligence
- Notable Investments: Not publicly disclosed
- Next47
- Details: Next47 is a global venture firm backed by Siemens, investing in startups that are shaping the future of industries. They led the $30 million Series B funding round for Armorblox.
- Investment Focus Areas: Cybersecurity, AI-driven technologies, Industrial Automation
- Notable Investments: Armorblox, Verkada, Markforged
- General Catalyst
- Details: General Catalyst is a venture capital firm that provides early-stage and growth equity investments. They participated in the Series B funding round for Armorblox.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Stripe, Airbnb, Snap
- Polaris Partners
- Details: Polaris Partners is a venture capital firm that invests in technology and healthcare companies. They participated in the Series B funding round for Armorblox.
- Investment Focus Areas: Technology, Healthcare, Software
- Notable Investments: Akamai, LogMeIn, Ironwood Pharmaceuticals
- Unusual Ventures
- Details: Unusual Ventures is a venture capital firm that focuses on early-stage investments in technology companies. They participated in the Series B funding round for Armorblox.
- Investment Focus Areas: Technology, Enterprise Software, Consumer
- Notable Investments: Robinhood, Carta, Harness
What's Next for Armorblox?
Armorblox stands at the cusp of significant growth opportunities, driven by the increasing need for advanced email security solutions. With over 9,000 organizations already leveraging its platform, the company is poised to expand its reach by enhancing its AI-driven capabilities to protect against sophisticated phishing and business email compromise attacks. The shift towards remote work and cloud-based communication platforms further amplifies the demand for robust cybersecurity measures, positioning Armorblox to capture a larger market share.
Future fundraising opportunities appear promising as the cybersecurity market continues to grow, with projections indicating a substantial increase in market value. Armorblox's successful Series B funding round and its innovative approach to email security make it an attractive candidate for additional investment. This influx of capital could be pivotal in scaling operations, expanding the global workforce, and enhancing the platform's capabilities to address emerging threats.
However, the path forward is not without challenges. Armorblox must navigate a competitive landscape, continuously innovate to stay ahead of evolving cyber threats, and ensure the scalability and reliability of its platform. Maintaining customer trust and satisfaction will be crucial as the company expands its offerings and enters new markets. Despite these hurdles, Armorblox's strategic vision and technological prowess position it well for sustained growth and success in the cybersecurity domain.
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