Area 1 Security Raises $25M in Funding
Summary
Led by newly appointed CEO Patrick Sweeney*, Area 1 Security preemptively stops Business Email Compromise, malware, ransomware and targeted phishing attacks. The company’s solutions are used by Fortune 500 enterprises across financial services, healthcare, critical infrastructure and other industries, to preempt targeted phishing attacks, improve their cybersecurity posture, and change outcomes. In the first half of 2020 alone, the company intercepted and prevented $273 million in active financial cyber fraud perpetrated through sophisticated Business Email Compromise (BEC) phish. They also blocked millions of phish missed by cloud email providers and legacy SEG defenses, underscoring the enormity of the problem organizations face. He most recently served as CEO of Talari Networks (sold to Oracle in 2019) and held senior executive roles at Dell and SonicWall, where he drove growth and financial performance.