Red Sift Founded in 2015 by Rahul Powar and Randal Pinto, Red Sift is a data-driven cybersecurity business that uses machine learning to analyse and synthesise data from core business processes, such as email, to help its global customer base better manage its online security.
Red Sift, the cognitive data platform that provides cloud-based email security solutions, today announced it has closed a $8.8m investment round from research-led VC MMC Ventures. New investor In-Q-Tel, Inc. (IQT) the US not-for-profit strategic investor, also invested alongside existing investors, White Star Capital and Oxford Capital. The news of the Series A funding comes as Red Sift plans to expand into the US and makes its latest product, OnINBOX, publicly available.
In the past 18 months employee numbers have doubled and Red Sift has brought on a number of external strategic advisors including Kevin Fielder, CISO at Just Eat and Hugh McCartney, former CEO of Cloudmark, to help bolster the leadership team and fast-track business growth. In the same period, Red Sift has enjoyed considerable success with its OnDMARC security product, growing the customer base over 800 percent, including brands such as Telefonica, ITV, Action for Children, and Sadler’s Wells.