Email authentication platform Valimail has raised $25 million in Series B funding, bringing total disclosed investment in the company to $39.8 million. The round was led by Tenaya Capital, with participation from Shasta Ventures, Flybridge Capital Partners, and Bloomberg Beta.
In a world of first-generation solutions with failure rates over 70 percent, we believed total automation was a necessary approach.
– Alexander García-Tobar, CEO and Co-founder, Valimail
“Valimail’s technology represents the perfect convergence of a huge need (stopping impersonation and restoring trust to email), a rapidly growing market, and a revolutionary technology led by an experienced, disciplined team,” said Brian Melton, managing director at Tenaya Capital.
He added: “Valimail’s automation platform is a best-in-class solution that’s already found a substantial market and widespread recognition for its technical superiority. It will have wide application in the years to come.”
Valimail, founded in 2015, uses automation to prevent fraud, brand abuse, and data theft, and claims clients including Uber, Yelp, WeWork, and Fannie Mae.
In a statement, CEO and cofounder Alexander García-Tobar said that the funding would be used to increase marketing activities and expand the platform with new products and capabilities.
“Valimail was founded to bring trust to the world’s communications, starting with email,” said García-Tobar. “In a world of first-generation solutions with failure rates over 70 percent, we believed total automation was a necessary approach. The past three years have proven our thesis that the market both needs and values automated authentication. Now we’re prepared to make our platform available worldwide.”
