Is that really your boss calling? Jericho Security raises $15M to stop deepfake fraud that’s cost businesses $200M in 2025 alone

New York-based Jericho Security has secured $15 million in Series A funding to scale its AI-powered cybersecurity training platform. The investment, announced today, follows the company’s successful five-month execution of a $1.8 million Department of Defense contract that put the two-year-old startup on the cybersecurity map.

“Within minutes, a sophisticated attacker can now create a voice clone that sounds exactly like your CFO requesting an urgent wire transfer,” said Sage Wohns, co-founder and Chief Executive Officer of Jericho Security, in an exclusive interview with VentureBeat. “Traditional cybersecurity training simply hasn’t kept pace with these threats.”

The funding round was led by Jasper Lau at Era Fund, who previously backed the company’s $3 million seed round in August 2023. Additional investors include Lux Capital, Dash Fund, Gaingels Enterprise Fund and Gaingels AI Fund, Distique Ventures, Plug & Play Ventures, and several specialized venture firms.

Military cybersecurity contract ...