Memcyco Raises $37 Million for Anti-Impersonation Technology

The startup will use the investment to fuel global expansion of its agentless platform, including in Latin America.

Real-time digital risk protection startup Memcyco today announced raising $37 million in an oversubscribed Series A funding round that brings the total raised by the company to $47 million.

The investment round was led by E. León Jimenes, NAventures, and Pags Group, with additional support from previous investors Capri Ventures and Venture Guides.

Founded in 2021 and based in Boston and Tel Aviv, Memcyco has built an agentless platform that proactively prevents brand impersonation and account takeover (ATO) attacks.

Amid an increase in ATO attacks and AI-driven deception such as phishing, Memcyco aims to improve protections by infiltrating the attack timeline as it unfolds.

It relies on covert, agentless anti-impersonation technology that provides organizations with visibility into both victim and attack behavior, to stop attacks before credential theft or fraud.

Memcyco’s ...