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Consumer Cybersecurity Pioneer Guardio Reaches $1.1 Billion Valuation

Consumer Cybersecurity Pioneer Guardio Reaches $1.1 Billion Valuation

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Guardio surpasses one million customers and $150 million ARR after four consecutive years of triple-digit growth

Guardio, a leader in consumer cybersecurity, announced it has reached a valuation of $1.1bn. This, following a funding round of $40 million, which included investment from Co-Founder and CEO of Wiz, Assaf Rappaport, along with existing investors ION Crossover Partners, Union Tech Ventures, Vintage Investment Partners, Cerca Partners and Emerge Ventures, brings Guardio’s total funding to $167 million to date.

The same AI that empowers consumers has armed cybercriminals, unleashing a wave of attacks that traditional security was never built to stop. Amid this shift, Guardio has grown its revenue more than 100% year-over-year for four consecutive years, reaching one million paying customers and $150 million in ARR. The company will use the new funding to enhance and strengthen its suite of protection for consumers’ total digital presence.

AI has effectively democratized cybercrime, collapsing the cost and skill once required to run attacks that were the exclusive domain of sophisticated hacking teams. Mass-scale personalized phishing campaigns, pixel-perfect brand impersonations and deepfake voice calls have become incredibly efficient and have left consumers outgunned.

Nearlyย three out of four U.S. adultsย experienced some kind of scam or attack last year, theย FBIย loggedย 22,000 AI-related complaints,ย and losses from cybercrime in the U.S. hit a recordย $20.9 billion.

Guardio protects the person rather than the device, monitoring messages, email, calls and web activity, and shutting down the scam before the victim ever opens the link. Guardio safeguards digital accounts and assets with actionable protection applied where needed to strengthen digital hygiene and lower the probability of an attack. Guardio also detects attack and scam scenarios that combine multiple devices and channels – like a phone call leading to a malware download on a PC. Combined, this gives individuals the caliber of protection a Fortune 500 security team takes for granted.

Also Read:ย CIO Influence Interview with John Elliott, Cybersecurity Author Fellow at Pluralsight

“Scammers stopped hacking computers years ago – they hack people, and with AI, it’s c**** and easy. Cybercrime is essentially democratized,” saidย Amos Peled, CEO and Co-Founder of Guardio. “Nobody is losing their savings to a virus. People are losing savings to a scam that AI wrote, voiced and dialed – while their antivirus reports that their laptop is perfectly clean. Consumer security has to be rebuilt around the person, not the device. That’s what one million people are already paying us for, and this round is a stepping stone to bring it to the tens of millions who are still protected by software built for a decade ago.”

“Guardio has proven once again, and now at scale, that its DNA brings together three core elements that rarely coexist in one company: deep cybersecurity expertise, a consumer-first product mindset, and a best-in-class distribution machine,” saidย Gilad Shany, Managing Partner at ION Crossover Partners. “The results speak for themselves: four consecutive years of triple-digit growth, and >$150 million in ARR. Very few businesses in security run this well at this speed, and we are proud to double down on our investment in Guardio.”

“Security wins when it deeply understands context. In the AI era, scams are more sophisticated and personal than ever and Guardio is bringing that depth of protection to the billions of people left to fend for themselves online.” saidย Assaf Rappaport, Co-Founder and CEO of Wiz. “I’m thrilled to back this team as they make the world a bit safer.”

Catch more CIO Insights:ย How Are CIOs Aligning Technology with Workforce Agility?

[To share your insights with us, please write toย psen@itechseries.com ]

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