Riyadh Valley Company leads $6 million series B in South Korea based SecuLetter
SecuLetter, a cybersecurity startup that provides advanced persistence threat (APT) response solution to email attack, has secure $6 million series B investment funding for its for its email security technology and non-executable file attack diagnosis technology. The round, which values the company at $36 million, was led by new investors Riyadh Valley Company (RVC) and the Korea Development Bank (KDB Bank), with participation from existing investor the Korea Investment Partners.
Founded in 2015, the South Korea-based SecuLetter helps organizations to detect unknown attacks with hybrid approaches, static and dynamic analysis even though cyber criminals recently hide malicious links and attachments to bypass existing email security systems. SecuLetter has been improving its analyzing technology to respond to evolving email threats and blocking zero-day attacks.
“Since the cyber-attacks against Saudi Arabian national organizations have become notorious worldwide, we have been interested in finding leading overseas cyber security companies at the national level. After more than a year’s careful evaluation, we decided to invest in SecuLetter because we believe the company is sound and possesses outstanding technical excellence and marketability,” Dr. Khalid Al-Saleh, RVC’s CEO said.