Jericho Security Raises $15M to Combat Deepfake Fraud with AI-Powered Cybersecurity Training

Jericho Security Secures $15M in Series A Funding

New York-based Jericho Security has raised $15 million in a Series A funding round to scale its AI-powered cybersecurity training platform. The investment comes as businesses face mounting losses from sophisticated deepfake fraud attacks, with global financial losses exceeding $200 million in the first quarter of 2025 alone 1

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Innovative AI-Driven Approach to Cybersecurity Training

Jericho's platform employs what CEO Sage Wohns calls "agentic AI" – autonomous systems that mimic real attackers' behavior. Unlike traditional security training methods, Jericho's AI adapts to employee responses, creating personalized attack scenarios across multiple communication channels 1

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"Within minutes, a sophisticated attacker can now create a voice clone that sounds exactly like your CFO requesting an urgent wire transfer," Wohns explained. "Traditional cybersecurity training simply hasn't kept pace with these threats." 1

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The company's approach has shown promising results, with early data indicating that employees trained using Jericho's adaptive, AI-driven simulations are 64% less likely to fall for actual phishing attempts compared to those receiving traditional security awareness training 1

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Military Contract Boosts Credibility

Jericho's profile received a significant boost when the Pentagon selected the company for its first generative AI defense contract in November. The $1 million award through AFWERX, the Air Force's innovation arm, tasked Jericho with protecting military personnel from sophisticated phishing attacks 1

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The Rising Threat of Deepfake Fraud

The funding comes amid alarming growth in deepfake-enabled fraud. According to Resemble AI's Q1 2025 Deepfake Incident Report, North America experienced the highest number of incidents (38%), followed by Asia (27%) and Europe (21%) 1

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A case highlighted by Wohns involved a CFO in Singapore who was deceived into transferring nearly $500,000 during a video call with AI-generated deepfakes of company executives 1

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Emerging Threat: AI vs. AI

Wohns identified an even more concerning emerging threat: "AI agents phishing AI agents." As organizations deploy AI assistants with access to internal systems, they inadvertently create new attack surfaces that traditional security approaches don't address 1

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Investor Support and Market Position

The funding round was led by Jasper Lau at Era Fund, with participation from Lux Capital, Dash Fund, Gaingels Enterprise Fund, Distique Ventures, and others 1

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. This investment positions Jericho to compete in the rapidly growing security awareness training sector, valued at $5 billion annually and projected to reach $10 billion by 2027 1

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Platform Features and Accessibility

Jericho's platform offers hyper-realistic phishing simulations using generative AI, tailored to address industry-specific challenges. The company also provides a comprehensive cybersecurity dashboard for organizations to manage their security efforts 2

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To enhance accessibility, Jericho has launched a self-service registration feature, allowing prospective customers to sign up for a free trial or create a new subscription without direct sales team interaction 2

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As the threat landscape continues to evolve rapidly, Jericho Security's AI-driven approach represents a significant step forward in preparing organizations and their employees to face the challenges of an increasingly sophisticated cyber threat environment.