MokN, a cybersecurity company focused on protecting organizations against credential theft, announced it has raised $15 million in Series A funding. The round was led by GV, with participation from Datadog, Moonfire, OVNI Capital, and angel investors.
The company said the funding will support the expansion of its “Phish-Back” solution in the United States and accelerate development of what it describes as the first multi-product platform dedicated to active protection against identity theft. MokN also plans to continue its international expansion, including opening new offices in the United States and the United Kingdom.
MokN has created a category it calls Active Identity Recovery, helping organizations proactively respond to credential-based attacks. The company says it has protected more than 1 million users across large enterprises and mid-sized businesses, including Fortune Global 500 companies. Organizations in industries such as finance, retail, and healthcare use MokN to address identity and credential theft threats.
Credential-based attacks have become one of the most common forms of cybercrime. MokN cites data from the 2025 Verizon Data Breach Investigations Report showing that compromised credentials account for 22% of initial access vectors and are involved in more than 60% of data breaches. The company also noted that more than 2.1 billion credentials were compromised in 2024 as infostealer malware continues to drive identity-focused attacks.
To combat these threats, MokN developed its “Phish-Back” approach. Its first product, Baits, deploys realistic decoy access points, including VPN and webmail portals, that mirror a company’s environment. When attackers attempt to use stolen credentials against these decoys, security teams can identify the threat and trigger automated recovery workflows before the credentials are abused or sold.
The company said the new capital will significantly increase research and development investments as it builds a broader identity theft protection platform. MokN also plans to expand its teams across Sales & Marketing, Engineering, and Customer Success, supported by leadership teams in New York and Paris.
KEY QUOTES:
“We invested in MokN because of Gautier’s founder-market fit as a former SOC manager and our deep conviction in the team’s ability to address a critical gap in the cybersecurity market. With their initial product, Baits, they’ve developed a sophisticated wedge that turns the tide on attackers by leveraging high-fidelity decoys to trigger immediate, automated recovery workflows. We believe their approach is a game changer for enterprises looking to neutralize credential theft before it can escalate.”
Luna Schmid, Partner, GV
“As a former SOC Manager, I experienced firsthand how compromised identities remained a critical blind spot. MokN was built to change that. Today, we work with major enterprises to define a new category, Active Identity Recovery, giving them a proactive edge against identity-based attacks.”
Gautier Bugeon, CEO & Co-Founder, MokN
