Startups

Email protection startup Inky Technology closed a $6M Series A funding round

The College Park, Maryland-based company said the fresh funding will go toward market expansion and hiring new employees in sales and customer service.

Loops seeks a better solution to email issues that its founder said the publicly traded email giants haven't solved. (Photo by Pixabay user rawpixel, used under a Creative Commons license)

College Park, Maryland-based Inky Technology has closed on a $6 million Series A funding round. This is the company’s second Series A raise, following its June 2018 raise worth $5.6 million.

Dave Baggett, CEO at Inky, said in a press release that the fresh funding will go toward market expansion.

Launched a few years ago, Inky makes cloud-based email protection software. This latest funding round was led by ClearSky Security with participation from Gula Tech Adventures.

“In the 18 months since our foundational investment in INKY, the company has racked up numerous key commercial wins and has improved the intelligence of the core INKY Phish Fence product well beyond what incumbent vendors are capable of,” Peter Kuper, managing director of Clear Sky Security, said in a statement. “We’re thrilled to support Inky at this exciting inflection point for the company.”

Inky has a team of 19 employees working out of its College Park office. In October 2018, the company released its flagship anti-phishing product, INKY Phish Fence, which detects phishing attacks using computer vision, artificial intelligence and machine learning. The software is designed to protect enterprises from widespread phishing, spear phishing and extortion attacks.

As a result of the funding transaction, Gula Tech Adventures founder Ron Gula will join Inky’s board of advisors.

“As an early investor in INKY and team, I’ve seen the real benefits of the company’s computer vision technology in preventing and catching phishing attacks before they are able to execute ahead of legacy anti-phishing technologies on the market today,” Gula said.

This is Gula’s second investment this week, following his firm’s investment in Cybrary. He also serves on Cybrary’s board of advisors.

Inky currently has five open positions listed on its website, one of those being a director of partners. A media rep from the company shared with Technical.ly that Inky specifically has plans to expand its sales and customer service team following this funding raise.

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

3 ways to support our work:
  • Contribute to the Journalism Fund. Charitable giving ensures our information remains free and accessible for residents to discover workforce programs and entrepreneurship pathways. This includes philanthropic grants and individual tax-deductible donations from readers like you.
  • Use our Preferred Partners. Our directory of vetted providers offers high-quality recommendations for services our readers need, and each referral supports our journalism.
  • Use our services. If you need entrepreneurs and tech leaders to buy your services, are seeking technologists to hire or want more professionals to know about your ecosystem, Technical.ly has the biggest and most engaged audience in the mid-Atlantic. We help companies tell their stories and answer big questions to meet and serve our community.
The journalism fund Preferred partners Our services
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

Do zero-waste takeout containers work? We tried a new DC service to find out

Top tech stories of 2024: How AI, cyber and community made DC innovation sing 

This Week in Jobs: Travel far in your career with these 26 open tech roles

What actually is the 'creator economy'? Here's why we should care

Technically Media