Cybersecurity company Jericho Security recently announced that it raised $3 million in pre-seed funding led by Jasper Lau’s Era to combat the rising tide of generative AI-powered phishing attacks with participation from Lux Capital, FoundersXFund, MetaLabs, Alcove, Textbook, Alumni Venture Group, Thorntree, Daniel Liem, Henry Elkus and Contrary.
The recent growth of generative AI technologies represents a unique and unprecedented threat vector in enterprise security. And AI can be used to build hyper-personalized, social engineering phishing attacks at scale. These attacks have more than tripled since the launch of ChatGPT, and their sophistication increases by the hour. Unfortunately, many companies have not adapted their cybersecurity posture to keep pace with generative AI making them more vulnerable than ever.
Jericho Security utilizes AI to fight AI, acting as a white hat for organizations. And it uses advanced language processing, custom privately-hosted language models, and brokered data to train employees using realistic personalized simulations of threats from malicious actors. Personalized to individual users, Jericho offers organizations team-wide metrics and individualized feedback.
Phishing attacks are the root of over 90% of data breaches, and 86% of companies have at least one employee that has fallen victim to one. And Jericho helps clients defend against them by educating employees on how to spot and stop them, all at a fraction of the cost of traditional training.
Launched by veteran AI technologist and former Agolo CEO Sage Wohns, FiscalNote Co-Founder and CEO Tim Hwang, and cybersecurity expert and PKC Security Founding Partner Dan Chyan, Jericho Security is a product of decades of collective observation of the evolution of cyber threats.
Jericho Security is now working with design partners across finance, healthcare, and government sectors, demonstrating its commitment to meeting the diverse security needs of enterprises. And the solution will be available for enterprises at an affordable price of $3 per user per month, delivering superior value to traditional training options.
KEY QUOTES:
“Corporate cybersecurity solutions are antiquated and have become virtually obsolete overnight due to the magnitude, personalization, and adaptive attacks from generative AI. Too often, companies only take proper cybersecurity action when it’s too late, following reputational harm and potential litigation. We believe in proactive cybersecurity, empowering organizations to prevent attacks rather than reacting to breaches. Jericho equips companies and their employees with the tools and skills to identify and halt generative attacks effectively.”
— Jericho Security co-founder and CEO Sage Wohns
“At Era, we partner with visionary founders that have a path to building category-leading technology companies. Sage and Tim are time-tested entrepreneurs with strong experience building and scaling AI and enterprise software companies, and we are thrilled to support Jericho as they build to reimagine enterprise security with AI.”
— Jasper Lau of Era
