On May 22, 2024, the AI cybersecurity and phishing protection startup headquartered in Santa Clara, California, USABolsterannounced it has raised $14 million in Series B funding. The round was led by new investor M12 (Microsoft's venture capital fund), with participation from existing investors Thomvest Ventures, Crosslink Capital, Liberty Global Ventures, Cheyenne Ventures, Cervin Ventures, and Transform Capital.
Bolster plans to use the raised funds to accelerate go-to-market (GTM) and technology integration.
Since 2017, Bolster has used artificial intelligence (AI) and machine learning to train models on structured data of over 100TB of URLs, domains, natural language text, and emails. The company created CheckPhish, which has been one of the most popular phishing and scam detection websites on the internet since 2018, with over 20% of Fortune 500 companies registered as users. Bolster's goal is to make the internet a safer place by detecting, takedown, and monitoring phishing, fraud, and scam activities on the web, social media, app stores, and the dark web. The company leverages large language models (LLMs) and the industry's largest structured phishing dataset to provide high-precision and scaled multi-channel phishing protection within milliseconds.
(Source:PR Newswire）