**Jericho Security Raises $3 Million in Pre-Seed Funding Round Led by Era**
New York-based Jericho Security has recently secured a $3 million pre-seed funding round, with venture firm Era leading the investment. The startup aims to utilize artificial intelligence (AI) to combat the rising threat of sophisticated phishing attacks, which have become more prevalent due to advances in generative AI technology. This funding comes at a time when AI models enable highly personalized and adaptable social engineering scams.
**Utilizing AI To Combat Advanced Phishing Attacks**
Legacy phishing defenses that rely on static rules and outdated training are no longer effective against these advanced attacks. In response to this challenge, Jericho Security leverages natural language processing and custom language models to simulate realistic and ever-evolving phishing threats. The company’s goal is to proactively train employees through AI-powered simulations tailored to each user. Traditional anti-phishing tools that depend on rigid heuristics and outdated examples fail to adapt to attacks in real-time.
**Continuous Evolution of AI-Centric Security Platform**
Jericho’s AI-centric system continuously evolves to keep up with emerging threats, ensuring that trainings remain fresh and effective. Currently, the company is piloting its AI-powered security awareness platform with major enterprises in sectors such as finance, healthcare, and government, which are particularly vulnerable to targeted attacks. The aim is to provide affordable and accessible AI-enhanced defense, costing around $3 per employee monthly.
**Founding Team’s Expertise and Mission**
Jericho Security was founded earlier this year by industry veterans in AI and enterprise software, including ex-CEO of AI startup Agolo, Sage Wohns. The emergence of generative AI has significantly impacted corporate cybersecurity, rendering traditional approaches obsolete. Reactive approaches are no longer sufficient, and proactive cybersecurity is essential for preventing attacks. Jericho’s mission is to equip organizations with the necessary tools, skills, and culture to defend against the new threats posed by generative AI.
**Investor Confidence in AI-Focused Cybersecurity**
Investors recognize the increasing sophistication of AI tools and believe that AI-focused cybersecurity firms like Jericho Security will become essential in countering these advanced threats. The funding round reflects the growing excitement surrounding AI’s potential to disrupt traditional cybersecurity approaches. Investor Jasper Lau of Era, who led the funding round, stated, “With the rise in sophistication of AI tools, we believe the new sector around AI containment will be a substantial opportunity, and Jericho has a winning team and the right approach to become the category-leader in this space.”
Overall, Jericho Security’s innovative use of AI to combat advanced phishing attacks positions the company as a leading player in the modern cybersecurity landscape. With their AI-powered security awareness platform, they aim to proactively defend organizations against the evolving threats posed by generative AI technology.
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