"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."
"The startup will use the fresh investment for the global expansion of its platform, especially in Latin America, where digital fraud is rising. "We are shifting the paradigm from reactive takedowns to proactive, real-time disruption. Our technology infiltrates the attack timeline, identifying the victim and the bad actor instantly to prevent damage before it starts," Memcyco co-founder and CEO Israel Mazin said."
Memcyco raised $37 million in an oversubscribed Series A, bringing total funding to $47 million. The round was led by E. León Jimenes, NAventures, and Pags Group, with participation from Capri Ventures and Venture Guides. Founded in 2021 and based in Boston and Tel Aviv, Memcyco built an agentless platform that proactively prevents brand impersonation and account takeover attacks. The platform infiltrates the attack timeline using covert, agentless anti-impersonation technology to provide visibility into victim and attacker behavior, predict incidents, identify victims, and disrupt attacks before credential theft or fraud. The company will use funds to expand globally, prioritizing Latin America.
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