What happened
Cybersecurity startup Memcyco announced it has raised $37 million in a Series A funding round, bringing its total capital raised to $47 million. The round was led by investors including E. León Jimenes, NAventures, and Pags Group, with participation from existing backers Capri Ventures and Venture Guides. The company plans to use the funds to accelerate global expansion (particularly into Latin America) and enhance its agentless platform that defends against digital impersonation, phishing and account takeover (ATO) attacks.
Who is affected
The investment reinforces Memcyco’s position in the cybersecurity landscape, impacting enterprises with significant online user interactions, including financial institutions, e-commerce, travel platforms and loyalty programs, that face rising fraud and impersonation campaigns. Organizations experiencing increases in phishing and ATO activity may consider technologies like Memcyco’s to strengthen their digital trust and fraud prevention capabilities.
Why CISOs should care
Digital impersonation and ATO remain major contributors to fraud losses and brand damage, with attackers increasingly leveraging AI-enhanced tactics to mimic legitimate services before authentication occurs. Traditional defenses such as SIEM, EDR or MFA tend to engage after compromise or at the login point; Memcyco’s real-time approach seeks to detect and disrupt scams as they unfold, closing visibility gaps in early attack stages. The fresh funding signals market demand for preemptive fraud-focused security solutions and highlights a broader shift toward proactive risk mitigation.Â
3 practical actions
- Evaluate real-time impersonation visibility tools: Assess technologies that provide early detection of phishing and impersonation activities, especially those that correlate victim and attacker behavior before credential theft.
- Integrate fraud data into risk workflows: Feed early scam indicators and device profiling into wider security and fraud operations to improve threat scoring and response prioritization.
- Review global expansion strategies: If operating in regions with rising digital fraud (e.g., Latin America), align security investments with solutions proven to deliver measurable ROI and compliance benefits in those markets.