London-based cybersecurity company RedSift raises $54m to fund global expansion

The new investment brings Red Sift’s total funding raised to $69.8m

London-based email security vendor RedSift has raised $54m in Series B funding, which it says will be used to fund its expansion into the US in particular.

The funding round was led by Highland Europe, along with participation from new and existing investors including Sands Capital, MMC Ventures and Oxford Capital Partners.

Sam Brooks, partner at Highland Europe, and Michael Graninger, partner at SANDS Capital, will join the company's board of directors.

The new investment brings Red Sift's total funding raised to $69.8m.

"It has never been more important for organisations to successfully communicate with and ensure the trust of their employees, vendors, and customers," said Red Sift CEO Rahul Powar

"To be a genuine partner to our customers, we must help them protect against multiple interconnected threat vectors.

"As a result, we built a platform that enables rapid iterations across multiple products that all share a solid, enterprise-ready foundation. We are grateful for the support of our investors to scale our platform and deliver even more value to our customers."

RedSift provides integrated cloud email security and brand protection for Office 365 and Google Workspace.

The company claims it will use the funds to "further accelerate its global expansion with plans for a new US headquarters in Austin, Texas, and growth initiatives across the Asia Pacific, Europe, and Middle East regions".

It will also hire "across all departments" while "doubling down" on its platform innovation.

"With phishing attacks now ubiquitous, there is a necessity in the enterprise for Red Sift's cloud security platform, which prevents domain impersonation and provides inbox protection," said Sam Brooks, partner at Highland Europe.

"We've been impressed by the technical prowess and commercial momentum achieved by Rahul, Randal and their team in a short time and are delighted to have the opportunity to partner with them."