Red Sift, a London, UK-based provider of an integrated cloud email security and brand protection platform, raised $54 million in Series B funding, bringing Red Sift’s total funding raised to $69.8 million.
The round was led by Highland Europe, with participation from new and existing investors including Sands Capital, Oxford Capital, and MMC Ventures.
The company intends to use the funds to further accelerate its global expansion with plans for a new US headquarters in Austin, Texas, and growth initiatives across the Asia Pacific, Europe, and Middle East regions, and hire across all departments and double down on its platform innovation.
In conjunction with Sam Brooks, partner at Highland Europe, and Michael Graninger, partner at SANDS Capital, will join Red Sift’s Board of Directors.
Company: Redsift Limited
Raised: $54.0M
Round: Series B
Funding Month: February 2022
Lead Investors: Highland Europe
Additional Investors: Sands Capital, Oxford Capital, and MMC Ventures
Company Website: https://redsift.com/
Software Category: cloud email security and brand protection platform
About the Company: Led by Rahul Powar, CEO, Red Sift enables security-first organizations to communicate with and ensure the trust of their employees, vendors, and customers. As an integrated cloud email and brand protection platform, Red Sift automates BIMI and DMARC processes, makes it easy to identify and stop business email compromise, and secures domains from impersonation to prevent attacks. Founded in 2015, Red Sift is a global organization with international offices in the UK, North America, Spain, and Australia. It boasts a client base of all sizes and across all industries, including Wise, Telefonica, Pipedrive, ITV, and top global law firms.
Source: https://www.finsmes.com/2022/02/red-sift-raises-54m-in-series-b-funding.html