# Doppel Raises $35M for Social Engineering Detection Platform

Cybersecurity startup Doppel Inc. has closed a $35 million funding round, marking a significant milestone in its mission to combat social engineering threats. Led by Bessemer Venture Partners, the venture capital firm was joined by 9Yards Capital, Sozo Ventures, and several returning backers. The Series B raise brings the company's valuation to $205 million.

"We'll use these funds to double down on our core products, serve the rapidly growing demand from enterprises across all sectors, and build the first social engineering defense platform," said Kevin Tian, CEO of Doppel Inc. In an effort to prevent phishing emails, hacking campaigns often employ similar methods. A malicious shopping app might attempt to impersonate a popular retail brand, for example.

Doppel provides a platform that helps companies detect when hackers impersonate them and take down the infrastructure being used to do so. The platform can spot social engineering campaigns on e-commerce platforms, including attempts to sell counterfeit goods under a legitimate company's brand. It also detects online ads designed to resemble established brands and trick users into clicking them.

The platform uses honeypots to detect malicious links that are disguised as legitimate URLs. When users report a phishing email that impersonates their brand, Doppel analyzes its contents along with any links and attachments it may include. The company then tracks down the infrastructure powering the phishing campaign and sends takedown requests to the companies hosting it.

Doppel's platform doubles as a dark web monitoring tool, allowing companies to monitor hacker websites for information about malicious activity that targets their infrastructure. It can also spot data theft attempts targeting an organization's executives. Under the hood, Doppel detects malicious activity by analyzing around 100 million security data points per day using large language models from OpenAI.

According to Doppel, the median amount of time it takes customers to take down social engineering campaigns detected by its platform is about ten hours. The company has seen significant growth since its last funding round 15 months ago, with annual recurring revenue tripling due to a combination of new customer acquisition and increased spending from existing users.

Doppel's latest funding round marks an important step in the company's mission to combat social engineering threats. With its innovative platform and growing customer base, Doppel is poised to play a significant role in the cybersecurity landscape.

**How Doppel Works:**

* Analyzes 100 million security data points per day using large language models from OpenAI * Detects phishing emails, lookalike apps, e-commerce platforms, and dark web activity * Tracks down infrastructure powering phishing campaigns and sends takedown requests to hosting companies * Provides a platform for customers to report suspicious emails and receive notifications

**What Doppel Offers:**

* A comprehensive social engineering detection platform for enterprises * Enhanced security capabilities against phishing, lookalike apps, and e-commerce platforms * Dark web monitoring to detect malicious activity targeting infrastructure * Customizable solutions for businesses of all sizes