Jericho Security, a cybersecurity company based in New York, has recently secured $15 million in Series A funding to expand its AI-powered cybersecurity training platform. This significant investment comes after the company successfully completed a $1.8 million Department of Defense contract, establishing itself as a key player in the cybersecurity industry.
According to Sage Wohns, the co-founder and CEO of Jericho Security, the evolving landscape of cyber threats demands a more advanced approach to cybersecurity training. Traditional methods are no longer sufficient to combat sophisticated attacks, such as voice cloning and deepfake scams.
The Series A funding was led by Jasper Lau of Era Fund, with additional support from Lux Capital, Dash Fund, Gaingels Enterprise Fund, Gaingels AI Fund, Distique Ventures, and Plug & Play Ventures, among others. This financial backing will enable Jericho Security to further develop its AI-driven platform and expand its market reach.
Jericho Security gained significant credibility in the cybersecurity market when it was awarded a $1.8 million contract by the Pentagon through AFWERX, the Air Force’s innovation arm. The contract tasked Jericho with protecting military personnel from advanced phishing attacks, highlighting the company’s expertise in combating evolving cyber threats.
Unlike traditional cybersecurity training programs that rely on static templates, Jericho’s platform utilizes “agentic AI” to simulate real-world attack scenarios. By adapting to individual behavior patterns and responses, the platform can effectively train employees to recognize and thwart various types of cyber attacks.
One notable case highlighted by Jericho Security involved a CFO in Singapore who fell victim to a deepfake scam, resulting in a $500,000 loss. This incident underscores the growing financial impact of deepfake-enabled fraud, which has become increasingly prevalent in recent years.
In addition to addressing human vulnerabilities, Jericho Security is also focused on mitigating the risks posed by AI agents targeting other AI systems. As organizations deploy AI assistants for various functions, new attack surfaces are created, necessitating innovative cybersecurity solutions.
Recognizing the growing threat landscape for businesses of all sizes, Jericho Security has introduced a self-service platform that enables smaller organizations to access AI-powered security training. This initiative aims to democratize cybersecurity solutions and empower companies to proactively protect against cyber threats.
The $15 million investment will support Jericho Security’s research and development efforts, expand its go-to-market strategies, and enhance its team with top talent in AI and cybersecurity. By staying at the forefront of AI capabilities and evolving threat landscapes, Jericho Security is committed to providing innovative and effective cybersecurity solutions to its clients.
