Backed by GV, the cybersecurity startup is betting that the future of identity security lies not just in detecting attacks, but actively recovering compromised credentials before they can be exploited.
MokN, a cybersecurity company specializing in protection against credential theft, today announced $15 million in Series A funding led by GV (Google Ventures), with participation from DataDog, MokN’s existing investors, Moonfire, OVNI Capital, and angels.
The funding will enable MokN to take a major step forward in its development: scaling its unrivaled “Phish-Back” solution in the U.S. and building the first multi-product platform dedicated to active protection against identity theft. The company also plans to continue its global expansion, beginning with new offices in the U.S. and the United Kingdom. MokN is a pioneer in a new cybersecurity category—Active Identity Recovery—with over 1 million users protected across large corporations and mid-size companies, including Fortune Global 500 companies. Enterprises across sectors, including finance, retail, and healthcare, rely on MokN for its ability to actively address credential-based attacks.
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Photo Luna Schmid
“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.”
“Phish-back”: A disruptive innovation to trap attackers
In the United States, credential-based attacks have become the dominant form of cyberattack. According to the 2025 Verizon Data Breach Investigations Report, compromised credentials account for 22% of initial access vectors and are involved in more than 60% of data breaches. At the same time, the rise of infostealers is significantly accelerating this trend: more than 2.1 billion credentials were compromised in 2024, signaling a shift toward identity-centric attacks.
Against this backdrop, MokN developed a unique “phish-back” solution designed to outsmart attackers and recover compromised credentials before they are used or exposed on the dark web. The company’s first product, Baits, works by deploying ultra-realistic decoy access points (such as VPN or webmail portals) that faithfully replicate the company’s environment. When an attacker attempts to log in, they unwittingly hand over the stolen credentials, allowing security teams to proactively neutralize the threat.
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Photo Gautier Bugeon
“As a former SOC Manager, I experienced firsthand how compromised identities remained a critical blind spot. 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”, said Gautier Bugeon, CEO & co-founder of MokN.
Building the first multi-product platform dedicated to identity theft protection
With this new round of funding, MokN will be able to significantly increase its R&D investments to build a comprehensive platform specializing in identity theft protection.
In addition to launching its multi-product platform, MokN will implement an aggressive strategy to accelerate its global expansion. With the support of its leadership teams based in New York and Paris, the company plans to expand hiring across the Sales & Marketing, Engineering, and Customer Success departments in the United States and the United Kingdom.
