Doppel Secures $35 Million in Series B Funding for AI-Powered Cybersecurity

Doppel, an AI-powered social engineering defense platform, has successfully completed a $35 million Series B funding round. This significant investment was led by Bessemer Venture Partners, with additional participation from 9Yards Capital, Sozo Ventures, a16z, South Park Commons, Strategic Cyber Ventures, Script Capital, and Sabrina Hahn. The funding round underscores the growing importance of cybersecurity in an era where social engineering threats such as phishing, impersonation, and deepfake fraud are becoming increasingly sophisticated.

The new capital will be instrumental in advancing Doppel's mission to protect organizations from these evolving threats. The company plans to use the funds to develop a robust digital protection infrastructure that integrates generative AI with expert human analysis. This dual approach aims to provide a comprehensive defense mechanism against the complex and ever-changing landscape of social engineering attacks.

Doppel's innovative solution leverages the power of AI to detect and mitigate social engineering threats in real-time. By combining AI-driven analytics with the insights of human experts, Doppel aims to offer a more effective and proactive defense strategy. This approach not only enhances the security of organizations but also ensures that they remain resilient against emerging cyber threats.

The completion of this funding round is a testament to the confidence that investors have in Doppel's technology and its potential to revolutionize the cybersecurity industry. The participation of prominent venture capital firms such as Bessemer Venture Partners and a16z further validates Doppel's innovative approach to social engineering defense. With this new infusion of capital, Doppel is well-positioned to expand its capabilities and reach, providing organizations with the tools they need to safeguard against sophisticated cyber threats.