Ocean, a New York City- and Tel Aviv-based email security startup, has launched from stealth with a total funding of $28 million. The funding round was led by Lightspeed Venture Partners, with participation from Picture Capital and Cerca Partners, along with contributions from angel investors including Assaf Rappaport, Yevgeny Dibrov, and Nadir Izrael. This investment aims to support the development of an AI-native email security platform. No tax implications or earnout considerations were noted in the context provided.

Summary of transaction details:

• Deal Type: Investment
• Transaction Amount: $28,000,000
• Company: Ocean
• Founders: Shay Shwartz and Oran Moyal
• Headquarters: New York City
• Notable Investors: Lightspeed Venture Partners, Picture Capital, Cerca Partners, Assaf Rappaport, Yevgeny Dibrov, Nadir Izrael, and Dor Knafo

Founded in 2024, Ocean is focused on creating an autonomous investigation engine named "Ray," which analyzes emails in real time to mitigate fraud, impersonation, and AI-driven attacks. The platform aims to lessen the manual workload of security operations for its users. Organizations such as KAYAK, Kingston Technology, and Headspace are among its initial customers, reflecting the interest and trust in its unique security solution.