Latest news with #DoppelVision
Yahoo
05-05-2025
- Business
- Yahoo
Social engineering defence company Doppel raises $35m
Doppel, an AI-powered social engineering defence platform, has raised $35m in its Series B funding round at a valuation of $205m. This latest investment, led by Bessemer Venture Partners, follows a rapid growth for Doppel since its Series A funding round over a year ago. The funding round saw participation from 9Yards Capital and Sozo Ventures. It also involved existing investors including South Park Commons, a16z, Strategic Cyber Ventures, Script Capital, and Sabrina Hahn. Doppel CEO Kevin Tian said: 'We'll use these funds to double down on our core products, serve the rapidly growing demand from enterprises across all sectors, and build the first social engineering defence platform.' The total funds raised by Doppel now stand at $54.4m. Bessemer Venture Partners partner Elliott Robinson said: 'Doppel is quickly emerging as the market leading social engineering defence company by leveraging its proprietary AI-powered approach that is critical in today's environment as these new threats become increasingly sophisticated for corporation's brands, executives and employees. 'We've been blown away by the company's rapid growth and product efficacy in curbing the hyper-personalised attacks that challenge their customers, and look forward to seeing the company continue to roll out new offerings for the enterprise.' Doppel's Doppel Vision platform is designed to offer protection against digital threats by providing visibility and takedown capabilities across various attack surfaces, from social media and email to domains and apps. It employs advanced Large Language Models (LLMs) combined with expert human analysis to map and dismantle attacker infrastructure, unifying threat insights and eliminating blind spots. Since January 2024, Doppel has reported a 400% increase in enterprise customers and a 90% rise in its overall customer base. This includes a threefold growth in annual recurring revenue (ARR) and an eightfold increase in expansion revenue from existing clients. In collaboration with OpenAI, Doppel has integrated AI models fine-tuned by thousands of decisions made by cybersecurity experts, resulting in the creation of the first AI cybersecurity agent. The deployment of this technology has already doubled the efficiency of Doppel's operations team, the company said. OpenAI startups head Marc Manara said: 'Doppel is a strong example of how domain expertise paired with reasoning models can transform industries. 'Their use of AI to make threat detection faster, more cost-efficient, and more explainable — along with early development of agents that don't just detect risks but understand and act on them — is an exciting glimpse of what's next for AI in cybersecurity.' "Social engineering defence company Doppel raises $35m" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Wire
02-05-2025
- Business
- Business Wire
Doppel Raises $35 Million Series B to Fuel Enterprise Momentum in Social Engineering Defense and Digital Risk Protection
SAN FRANCISCO--(BUSINESS WIRE)-- Doppel, the AI-powered social engineering defense platform, is announcing a Series B funding round after a year of rapid growth following its Series A, bringing the total amount raised to $54.4M. The Series B round of $35 million at $205 million valuation is led by Bessemer Venture Partners, along with additional first-time Doppel investors 9Yards Capital and Sozo Ventures, and repeat investors a16z, South Park Commons, Strategic Cyber Ventures, Script Capital, and Sabrina Hahn. 'We'll use these funds to double down on our core products, serve the rapidly growing demand from enterprises across all sectors, and build the first social engineering defense platform.' 'Doppel is quickly emerging as the market leading social engineering defense company by leveraging its proprietary AI-powered approach that is critical in today's environment as these new threats become increasingly sophisticated for corporation's brands, executives and employees,' said Elliott Robinson, partner, Bessemer Venture Partners. 'We've been blown away by the company's rapid growth and product efficacy in curbing the hyper-personalized attacks that challenge their customers, and look forward to seeing the company continue to roll out new offerings for the enterprise.' 'At Secure Consult, we view Executive Protection not just as a service, but as a cornerstone of modern risk management,' said David M. Gordon, CEO and Founder of Secure Consult, a Doppel partner enabling a full-spectrum approach to security management. 'Our transformative partnership with Doppel allows us to stay ahead of emerging threats, delivering real-time, intelligence-driven solutions that span the entire threat lifecycle—from discovery to resolution. Together, we're redefining what proactive protection means in an increasingly complex world.' From domains to social media, email to apps, the Doppel Vision platform provides visibility and takedowns across all attack surfaces. It maps and dismantles attacker infrastructure at its source, unifying threat insights in a single grid. By combining advanced LLM technology and expert human analysis, Doppel eliminates blind spots, removes digital threats, and protects organizations at every level. And the proof is in the numbers. Since its Series A funding round in January 2024, Doppel has seen 400% growth in enterprise customers, and 90% growth in customers overall, including 3X growth in annual recurring revenue (ARR) and 8X growth in expansion revenue with existing customers. Since 2022, Doppel has maintained a 230% compound annual growth rate (CAGR), signaling consistent and sustainable growth. In addition, Doppel has been working alongside OpenAI to deploy their AI models and fine tune them on thousands of decisions made by its cybersecurity experts. The result is the first cybersecurity AI agent capable of autonomously identifying obscure social engineering threats and neutralizing them at scale. Within months of deployment, Doppel doubled the efficiency of its operations team, with upcoming releases set to accelerate this trend. 'We're really excited to partner with Bessemer Venture Partners, a firm that understands what it takes to build a generational, category-defining company,' said Doppel CEO, Kevin Tian. 'We'll use these funds to double down on our core products, serve the rapidly growing demand from enterprises across all sectors, and build the first social engineering defense platform.' About Doppel Our enterprise-ready security platform is built to neutralize social engineering threats targeting your executives, employees, and third parties before they damage your business. Doppel Vision doesn't just play whack-a-mole with individual attacks, it links threats together, showing you threat actors' malicious infrastructure, protecting your brand and your customers against everything from phishing and fraud to deepfakes and brand impersonation. About Bessemer Venture Partners Bessemer Venture Partners helps entrepreneurs lay strong foundations to build and forge long-standing companies. With more than 145 IPOs and 300 portfolio companies in the enterprise, consumer and healthcare spaces, Bessemer supports founders and CEOs from their early days through every stage of growth. Bessemer's global portfolio has included Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast and has more than $18 billion of assets under management. Bessemer has teams of investors and partners located in Tel Aviv, Silicon Valley, San Francisco, New York, London, Hong Kong, Boston, and Bangalore. Born from innovations in steel more than a century ago, Bessemer's storied history has afforded its partners the opportunity to celebrate and scrutinize its best investment decisions (see Memos) and also learn from its mistakes (see Anti-Portfolio). Series B Investors Bessemer Ventures a16z South Park Commons 9Yards Capital Sozo Ventures Strategic Cyber Ventures Script Capital Sabrina Hahn
