Israeli cybersecurity startup Memcyco announced the completion of a $37 million Series A funding round, bringing its total funding to $47 million. This round was co-led by NAventures, Pags Group, and E. León Jimenes, with continued participation from existing investors Capri Ventures and Venture Guides. The funds will primarily be used to expand its real-time digital risk protection platform, focusing on enhancing capabilities to prevent Account Takeover (ATO) and identity impersonation fraud.

Memcyco's core technology employs an agentless architecture that monitors threats in real-time during user interactions, identifying anomalous behavior without requiring endpoint software deployment. According to the company, its platform has successfully intercepted over 3.5 million ATO attack attempts and completed mapping and analysis of 500 million device identities. The technology continuously updates its risk signature database through machine learning models, providing potential attack warnings 15-30 minutes in advance, offering enterprises a proactive defense window.

This funding round will support Memcyco's expansion into emerging markets such as Latin America. The increase in regional digital payment penetration is driving security demand growth. Data shows that financial fraud losses in Latin America are growing at an annual rate of 18%, making it one of the fastest-growing regions globally. The company plans to establish a regional headquarters in Mexico City and collaborate with local financial institutions to develop customized risk control solutions.