FOSTER CITY, Calif.--(BUSINESS WIRE)--Agari, the leading predictive AI solution to protect the cloud inbox from advanced phishing attacks, today announced record first half performance. For the period January through June of 2018, year-over-year annual subscription revenue from new customers grew by 87% while new customer accounts increased by 70%, adding to Agari’s growing portfolio of worldwide relationships.
“Agari’s success is driven through sustained customer value – every day, week, month, and year as our customer relationships continue to deepen and expand,” said Ravi Khatod, CEO, Agari. “Stopping advanced phishing attacks from reaching the inbox is the number one security priority today, and we are privileged that leading brands turn to Agari to solve this problem. Agari’s record business performance is a reflection of the value we are delivering to our many customers and business partners around the world.”
Customer Growth and Adoption
Agari’s anti-phishing and DMARC-based authentication solutions have seen remarkable customer traction, driven by the mass migration to enterprise cloud email platforms including Office 365, and the proliferation of sophisticated identity-based email attacks. Adding to the 70% increase in new account signings, Agari renewed or expanded relationships with existing customers including Aetna, Informatica, Neustar, Air Canada, the U.S. Postal Service, Facebook, Microsoft, Google, and many more.
Today, Agari proudly serves 6 of the top 10 global banking institutions with advanced email security solutions. In addition, of the federal agencies subject to BOD 18-01 that have adopted a 3rd-party DMARC solution, 84% have chosen Agari, including the Department of Health and Human Services, the Veterans Administration and the U.S. Census Bureau.
Corporate Momentum
Underscoring its momentum, in June, Agari announced a $40M investment led by Goldman Sachs and oversubscribed by existing investors. This injection of growth capital will catalyze further expansion into international markets, led by its newly appointed CMO, Armen Najarian and supported by expanded channel partner relationships. In April, Cisco (NASDAQ: CSCO) announced it has entered into an OEM relationship with Agari to power the new Cisco Domain Protection and Cisco Advanced Phishing Protection products.
Product Innovation and Recognition
The Agari Email Trust Platform™ is the only solution that protects consumers, businesses and government agencies from advanced email and phishing attacks. Every day, Agari updates more than 300 million models to train the Agari Identity Intelligence™ machine learning engine to deliver accurate trust decisions for email communications. Announced in June, the Agari Summer ‘18 Release extends protection against advanced email attacks by integrating attachment analysis and the ability to detect account takeover.
Agari’s unique product offering earned the SC Magazine Award for Best Email Security Solution, announced at RSA Conference 2018.
About Agari
Agari is the leading predictive AI solution to protect the cloud inbox from advanced email and phishing attacks. Winner of Best Email Security Solution by SC Magazine in 2018, the Agari Email Trust Platform™ prevents ransomware, ATO, phishing, BEC and other identity deception attacks, restoring trust to digital channels for businesses, governments, and consumers worldwide. Learn more at www.agari.com.
