KnowBe4 Raises Funding to Strengthen Cloud Email Security and Training Capabilities

KnowBe4's Acquisition of Egress Software Technologies

Key Highlights:

• Acquisition: KnowBe4, a security awareness training and simulated phishing platform provider, is acquiring Egress Software Technologies, a company specializing in cloud email security.
• Enhanced Email Security: The acquisition aims to deliver a single platform that combines threat intelligence, AI-based email security, and tailored training to mitigate risks.
• Egress Software Technologies: Provides an email security platform with contextual machine learning and neural networks to assess human risk and prevent phishing attacks and data breaches.
• KnowBe4: Offers a security awareness training and simulated phishing platform used by over 65,000 organizations worldwide to strengthen security culture and reduce human risk.

Target Market

• Organizations Seeking Enhanced Email Security: Companies looking for comprehensive email security solutions to protect against phishing attacks and outbound data breaches.
• Security-Conscious Businesses: Organizations prioritizing security awareness training and phishing simulations to educate employees and reduce human risk.
• Cloud-Adopting Companies: Businesses leveraging cloud technologies and requiring integrated cloud email security solutions.

What KnowBe4 Needs to Buy

• Cloud Email Security Solutions: Acquiring or partnering with companies specializing in cloud email security to enhance their platform.
• Threat Intelligence Providers: Collaborating with threat intelligence companies to integrate dynamic threat intelligence into their platform.
• AI and Machine Learning Expertise: Hiring experts in AI and machine learning to further develop and enhance their email security and training capabilities.