MokN, a cybersecurity company specialising in anti-credential theft, has secured a $15m (£11.1m) funding round led by Google Ventures.
The London-based company has developed a “Phish-Back” solution designed to outsmart attackers attempting to steal credentials by recovering them before they can be used.
Among its methods is a ultra-realistic decoy access points that mimic the company’s actual login environment. When attackers use the stolen credentials on these access points they unknowingly hand over the stolen credentials.
With the new funds secured, MokN plans to scale its Phish-Back solution extensively.
“As a former SOC Manager, I experienced firsthand how compromised identities remained a critical blind spot,” said Gautier Bugeon co-founder and chief executive of MokN.
“MokN was built to change that. Today, we work with major enterprises to define a new category—Active Identity Recovery—giving them a proactive edge against identity-based attacks.”
Other investors backing the round include DataDog, Moonfire, OVNI Capital and angels.
“We invested in MokN because of Gautier’s founder-market fit as a former SOC manager and our deep conviction in the team’s ability to address a critical gap in the cybersecurity market,” said Luna Schmid, Partner at GV.
“With their initial product, Baits, they’ve developed a sophisticated wedge that turns the tide on attackers by leveraging high-fidelity decoys to trigger immediate, automated recovery workflows.
“We believe their approach is a game changer for enterprises looking to neutralize credential theft before it can escalate.”
