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Is that really your boss calling? Jericho Security raises $15M to stop deepfake fraud that’s cost businesses $200M in 2025 alone
- Jericho Security has raised $15 million in Series A funding to expand its AI-powered cybersecurity training platform following a successful Department of Defense contract.
- The funding round was led by Era Fund, with additional investors including Lux Capital, Dash Fund, Gaingels Enterprise Fund, and others.
- Jericho uses 'agentic AI' in its platform to simulate real attackers, adapting to individual employee behavior to prepare them for evolving cyber threats.
- Client dashboard shows employee susceptibility to various attack types, with AI-driven simulations reducing the likelihood of falling for phishing attempts by 64%.
- A CFO deceived by deepfake avatars during a video call highlighted the increasing financial losses from deepfake-enabled fraud amounting to over $200 million in Q1 2025 globally.
- Jericho also addresses emerging threats like AI agents phishing other AI agents, creating new attack surfaces for cybercriminals to exploit.
- The investment will support research and development, go-to-market strategies, and team growth, focusing on AI and cybersecurity talent.
- Jericho offers a self-service platform for small to medium businesses to access AI-powered security training with a seven-day free trial, simplifying the procurement process.
- Customers have responded positively, appreciating the innovative approach that identifies vulnerabilities and offers personalized remediation programs.
- Jericho Security aims to redefine trust in digital environments by preparing employees to recognize and respond to evolving cybersecurity threats effectively.
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