New York-based Jericho Safety has secured $15 million in Sequence A funding to scale its AI-powered cybersecurity coaching platform. The funding, introduced right this moment, follows the corporate’s profitable five-month execution of a $1.8 million Division of Protection contract that put the two-year-old startup on the cybersecurity map.
“Within minutes, a sophisticated attacker can now create a voice clone that sounds exactly like your CFO requesting an urgent wire transfer,” mentioned Sage Wohns, co-founder and Chief Govt Officer of Jericho Safety, in an unique interview with VentureBeat. “Traditional cybersecurity training simply hasn’t kept pace with these threats.”
The funding spherical was led by Jasper Lau at Period Fund, who beforehand backed the corporate’s $3 million seed spherical in August 2023. Extra buyers embrace Lux Capital, Sprint Fund, Gaingels Enterprise Fund and Gaingels AI Fund, Distique Ventures, Plug & Play Ventures, and a number of other specialised enterprise companies.
Army cybersecurity contract established credibility in aggressive market
Jericho’s profile rose considerably final November when the Pentagon chosen the corporate for its first generative AI protection contract. The $1.8 million award by way of AFWERX, the innovation arm of the Air Power, charged Jericho with defending navy personnel from more and more subtle phishing assaults.
“There was a highly publicized spear-phishing attack targeting Air Force drone pilots using fake user manuals,” Wohns famous in an earlier interview. The incident underscored how even extremely educated personnel can fall sufferer to fastidiously crafted deception.
This federal contract helped Jericho stand out in a crowded cybersecurity market the place established gamers like KnowBe4, Proofpoint, and Cofense dominate. Business analysts worth the safety consciousness coaching sector at $5 billion yearly, with projected progress to $10 billion by 2027 as organizations more and more acknowledge human vulnerability as their main safety weak spot.
How AI fights AI: Automated adversaries that study worker weaknesses
Not like typical safety coaching that depends on static templates and predictable situations, Jericho’s platform employs what Wohns calls “agentic AI” — autonomous programs that behave like precise attackers.
The corporate’s consumer dashboard exhibits which staff fall for which forms of assaults, permitting organizations to ship focused remediation. Early knowledge means that staff educated with adaptive, AI-driven simulations are 64% much less prone to fall for precise phishing makes an attempt than those that obtain conventional safety consciousness coaching.
Singapore CFO loses $500,000 to deepfake government impersonation
The monetary stakes of those new threats turned clear in a case Wohns highlighted involving a finance government deceived by artificially generated variations of firm management.
“A CFO in Singapore was deceived into transferring nearly $500,000 during a video call that appeared to include the company’s CEO and other executives,” Wohns recounted. “Unbeknownst to the CFO, these participants were AI-generated deepfakes, crafted using publicly available videos and recordings.”
The assault started with a seemingly harmless WhatsApp message requesting an pressing Zoom assembly. In the course of the name, the deepfake avatars persuaded the CFO to authorize the switch. Solely when the attackers tried to extract extra funds did suspicions come up, finally involving authorities who recovered the preliminary switch.
Such incidents have gotten alarmingly widespread. In response to Resemble AI’s Q1 2025 Deepfake Incident Report, monetary losses from deepfake-enabled fraud exceeded $200 million globally throughout simply the primary quarter of 2025. The report discovered that North America skilled the best variety of incidents (38%), adopted by Asia (27%) and Europe (21%).
Business experiences have documented staggering progress charges lately, with some research exhibiting deepfake fraud makes an attempt rising by greater than 1,700% in North America and exceeding 2,000% in sure European monetary sectors.
New risk horizon: When AI programs assault different AI programs
Wohns recognized an much more regarding rising risk that few safety groups are ready for: “AI agents phishing AI agents.”
“As AI tools proliferate inside companies from customer support chatbots to internal automations, attackers are beginning to target and exploit these agents directly,” he defined. “It’s no longer just humans being deceived. AI systems are now both the targets and the unwitting accomplices of compromise.”
This represents a elementary shift within the cybersecurity panorama. When organizations deploy AI assistants that may entry inside programs, approve requests, or present data, they create new assault surfaces that conventional safety approaches don’t handle.
Self-service platform opens entry to smaller companies as assault targets broaden
Whereas main enterprises have lengthy been main targets for classy assaults, smaller organizations are more and more discovering themselves in cybercriminals’ crosshairs. Recognizing this development, Jericho has launched a self-service platform that enables firms to deploy AI-powered safety coaching with out the enterprise gross sales cycle.
“The self-service registration is in addition to our enterprise sales approach,” Wohns mentioned. “Self-Service is designed to provide no-touch/low-touch for Small to Medium Businesses.”
Customers can join a seven-day free trial and discover the product with out gross sales conferences. This strategy stands in distinction to trade norms, the place cybersecurity options sometimes contain prolonged procurement processes and high-touch gross sales approaches.
Future-proofing safety as AI capabilities speed up
The $15 million funding will primarily fund three initiatives: increasing analysis and improvement, scaling go-to-market methods by way of partnerships, and rising Jericho’s staff with a concentrate on AI and cybersecurity expertise.
“One of our biggest technical challenges has been keeping pace with the rapid evolution of AI itself,” mentioned Wohns. “The tools, models, and techniques are improving at an extraordinary rate, which means our architecture needs to be flexible enough to adapt quickly.”
Early clients have responded enthusiastically to Jericho’s strategy. “Customers have been exceedingly frustrated at the lack of innovation with incumbent solutions and the subsequent decline in efficacy,” Wohns famous. “Within 30 days, customers identify vulnerabilities across multiple channels and build highly personalized and dynamic remediation programs based on contemporary threats and techniques.”
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