# Area 1 Security

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/area-1-security

- Industry: IT Security/Cybersecurity
- Headquarters: San Mateo, US
- Website: www.area1security.com
- Total disclosed funding: $68M
- Latest round: Series D (Jun 28, 2020)
- Investors on record: 10

## About

Founded in 2013 and based in California, US, Area 1 Security, Inc. operates as a cybersecurity company that provides cloud-based services to prevent phishing campaigns. The company was founded by its CSO Blake Darché, Chairman Oren J. Falkowitz, and CTO Phil Syme. In June 2020, Area 1 Security, Inc. raised USD 25 million in Series D funding led by new investor Forgepoint Capital, with participation from returning investors Kleiner Perkins Caufield & Byers, Icon Ventures and as of 2021, the company’s Chief Executive Officer and President are Patrick Sweeney.

Area 1 Security operates a cloud-native email security solution called Area 1 Horizon™ that safeguards companies from phishing and cyber-attacks. Phishing is a type of social engineering attack where fraudulent messages are sent by attackers to trick a human victim into revealing sensitive information and steal user data. Area 1 Horizon™ monitors detect and remove phish before they reach the user in all forms of communications including: email, network, and web. The company charges its customers for its services by a Pay-per-Phish pricing model where businesses are asked to pay only for the number of phish attacks the company captures.

## Funding rounds

- Series D, Jun 28, 2020, $25M — Kleiner Perkins, Top Tier Capital Partners, Icon Ventures, Forgepoint
- Series C, Aug 14, 2018, $17M — AllegisCyber Capital, Kleiner Perkins, EPIC Ventures, Top Tier Capital Partners, Icon Ventures, DCVC, DUMAC
- Series B, Oct 14, 2015, $15M — AllegisCyber Capital, Kleiner Perkins, First Round Capital, Icon Ventures, DCVC, Cowboy Ventures
- Series A, Nov 25, 2014, $8M — AllegisCyber Capital, Kleiner Perkins, First Round Capital, DCVC, Cowboy Ventures
- Seed, Apr 21, 2014, $2.5M — AllegisCyber Capital, Kleiner Perkins, First Round Capital, DCVC, Cowboy Ventures

## Investors

- AllegisCyber Capital (https://capitalatlas.ai/funds/allegiscyber-capital) — Seed, Series A, Series B, Series C
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Seed, Series A, Series B, Series C, Series D
- First Round Capital (https://capitalatlas.ai/funds/first-round-capital) — Seed, Series A, Series B
- DCVC (https://capitalatlas.ai/funds/dcvc) — Seed, Series A, Series B, Series C
- Cowboy Ventures (https://capitalatlas.ai/funds/cowboy-ventures) — Seed, Series A, Series B
- Icon Ventures (https://capitalatlas.ai/funds/icon-ventures) — Series B, Series C, Series D
- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Series C
- Top Tier Capital Partners (https://capitalatlas.ai/funds/top-tier-capital-partners) — Series C, Series D
- DUMAC — Series C
- Forgepoint (https://capitalatlas.ai/funds/forgepoint) — Series D