San Francisco-based AI-native digital risk protection company, Doppel, has successfully secured $14 million in Series A funding, with Andreessen Horowitz (a16z) leading the round. The funding round also saw participation from new investors, including Strategic Cyber Ventures, Frederic Kerrest of Okta, Emilio Escobar of Datadog, and others, along with existing investors such as South Park Commons and SVAngel.
Doppel, founded in 2022 by CEO Kevin Tian and Rahul Madduluri, focuses on leveraging advanced AI technologies to safeguard brands from digital threats like phishing, cybercrime, and AI impersonation. The company’s unique AI-native architecture enables continuous monitoring, rapid detection, and seamless takedowns across a variety of channels, including web domains, social media platforms, and even emerging channels like Telegram and crypto.
This recent funding infusion, bringing Doppel’s total funding to $19 million, will be utilized to drive further research and development initiatives. The company aims to enhance its global operations, including customer support and sales efforts. Doppel has already gained trust from major brands such as Coinbase, VSCO, and ARK Invest, highlighting the effectiveness of its solutions in the evolving digital landscape.
In a statement, Kevin Tian, CEO of Doppel, emphasized the company’s commitment to addressing emerging threats in digital integrity with a new approach: “Our team of Silicon Valley and traditional security talent has a singular focus to scale AI-native digital risk protection for our customers.”
Doppel’s ambition is to revolutionize brand security by using AI and automation for continuous monitoring, rapid detection, and seamless takedowns across traditional and emerging digital channels. The company argues that AI and automation can significantly improve analysts’ efficiency, offering high signal-noise detection, faster takedowns, and average support response times in minutes.
As the digital threat landscape continues to evolve, the need for advanced digital risk protection becomes more critical than ever. Doppel’s innovative approach, backed by substantial funding and prominent investors, positions the company at the forefront of the cybersecurity industry’s efforts to combat the escalating challenges posed by AI-powered threats.