Israeli cybersecurity company Cyberfish, a provider of phishing protection services powered by advanced Machine Learning (ML) technology, is being acquired by Virginia-based phishing detection and response (PDR) solutions company Cofense, the two parties announced this week.
The integration of Cyberfish’s innovative machine learning capabilities with Cofense’s detection and response technology will help the company “bring to market a holistic, advanced automation solution for email protection, detection, and response,” Cofense said in a company announcement.
The terms of the acquisition were not disclosed.
Cofense was founded in 2008 and provides phishing detection and response solutions for enterprise organizations. The company says its Cofense Phishing Detection and Response (PDR) platform leverages a global network of over 26 million people actively reporting suspected phishing attacks, combined with advanced automation to stop phishing attacks faster and stay ahead of breaches.
Cyberfish is a zero-second phishing protection solution that combines computer vision and AI to stop phishing emails and websites in real-time. The Beersheba-based startup was established in 2017 by Dima Kagan, Eugene Geht, and Amit Israel, and has been backed by Jerusalem Venture Partners (JVP).
“Together, Cofense and Cyberfish will offer a one-stop-shop for an organization’s email security needs, eliminating the need for many expensive and slow-to-deploy legacy solutions,” said Rohyt Belani, Cofense CEO and co-founder, in a statement. “With organizations increasingly working to consolidate technology vendors, we are laying the groundwork to support our customers in this endeavor and maintain the high quality they expect in whatever solutions they adopt. This includes our ongoing commitment to the MSP ecosystem Cyberfish has developed. Disrupting the email security market is in Cofense’s DNA, and we look forward to advancing phishing detection and response capabilities for more organizations and MSPs in 2021.”
Kagan, who serves as Cyberfish CEO, said the company was “excited to join forces with Cofense to solve the phishing problem and take email security to another level.
“As we met with the team, it quickly became obvious that we share the same vision for how to revolutionize the email security market, which includes addressing the business requirements of MSPs and enterprises offering advanced email protection beyond Microsoft and Google. We look forward to working together to bring that vision to reality through Advanced AI and automation capabilities,” he added.