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- Doppel
Doppel Valuation, Funding & Investors
Doppel is valued at $600M as of November 2025.
Last Doppel valuation
$600M
Series C · Nov 2025
Last Doppel funding round
$70M
Series C · Nov 2025
Cumulative funding Doppel raised
$129M
across 4 funding rounds
Key investors in Doppel
Andreessen Horowitz
Bessemer Venture Partners
South Park Commons
SV Angel
Quiet Capital
Gokul Rajaram
About Doppel
Doppel is a San Francisco-headquartered AI-native security platform defending against social engineering and impersonation. Monitoring domains, social media, ads, messaging, and dark web, it maps threats into real-time graphs and automates takedowns. Doppel's simulation tool tests phishing across email, SMS, WhatsApp, and Telegram for employee training. Used by 200 enterprises, it disrupted 5,000 campaigns in 2023.
Founded
2022
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$600M (Nov 2025)
Doppel Valuation
Doppel is currently valued at $600M, based on its Series C in November 2025.
The $70M round was led by Bessemer Venture Partners.
Doppel's valuation has moved from $600M at its Series B in May 2025 to $600M in November 2025, across 2 priced rounds.
Doppel valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Nov 2025 | Series C | $600M |
| May 2025 | Series B | $600M |
Doppel Funding History
Doppel has raised a total of $129M across 4 funding rounds.
Doppel's first fundraising round was a $5M seed round in May 2022. The most recent completed round was a $70M Series C in November 2025.
Doppel funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Nov 2025 | Series C | Bessemer Venture Partners (lead) | $70M | $600M | Doppel is an AI-native social engineering defense (SED) platform that detects and unifies threats across multiple channels using agentic AI and a real-time threat graph, automates takedowns, and strengthens employee defenses through deepfake-driven simulations and training. The company announced a $70 million Series C funding round on November 19, 2025, led by Bessemer Venture Partners, bringing total funding raised to $124 million and valuing the company at over $600 million post-money, a 3x increase from its prior round six months earlier. New investors included CrowdStrike CEO George Kurtz, NTT DOCOMO Ventures, Aurum Partners, and athlete investors via the a16z Cultural Leadership Fund, with returning backers such as Andreessen Horowitz, South Park Commons, Script Capital, 9Yards Capital, Sozo Ventures, and Strategic Cyber Ventures. The funding will accelerate product development in Doppel’s Digital Risk Protection suite and expand Human Risk Management tools, including its Simulation offering launched in August 2025, which has generated significant new bookings in Q3. Doppel serves Fortune 500 enterprises combating AI-powered social engineering attacks, with strong traction highlighted by investors like Bessemer Partner Elliott Robinson, who praised the team's execution and potential leadership in SED. The round underscores surging demand for defenses against sophisticated cyber threats manipulating users. Doppel positions itself as the go-to solution to defend authentic interactions and disrupt fakes, with plans to scale R&D, go-to-market efforts globally, and meet exponential demand across sectors. |
| May 2025 | Series B | Bessemer Venture Partners (lead); Sozo Ventures; Strategic Cyber Ventures; Andreessen Horowitz; 9Yards Capital; Script Capital; Sabrina Hahn; South Park Commons | $35M | $600M | Doppel is an AI-native social engineering defense (SED) platform that protects against AI-powered social engineering attacks, including digital risk protection and human risk management tools like its Simulation product launched in August 2025. The company competes with legacy players such as Bolster, ZeroFox, KnowBe4, and Netcraft, but differentiates by addressing modern social engineering beyond email and domain attacks. On November 19, 2025, Doppel raised $70 million in a Series C funding round led by Bessemer Venture Partners, bringing total funding to $124 million and valuing the company at over $600 million post-money—a 3x increase from its Series B six months prior. Returning investors included Andreessen Horowitz, 9Yards Capital, Script Capital, South Park Commons, Sozo Ventures, and Strategic Cyber Ventures. New investors comprised CrowdStrike CEO George Kurtz, NTT DOCOMO Ventures, Aurum Partners, and athlete investors like WNBA players Nneka Ogwumike, Breanna Stewart, and Kelsey Plum via the a16z Cultural Leadership Fund. The funding will accelerate product development in Doppel’s Digital Risk Protection suite, expand Human Risk Management tools, and scale go-to-market efforts amid surging demand, with the Simulation product already driving significant Q3 2025 bookings. Bessemer partner Elliott Robinson highlighted Doppel's speed, ambition, and execution, positioning it as a leader in SED for Fortune 500 enterprises. CEO Kevin Tian emphasized rapid growth and global expansion to combat escalating AI-driven threats. The round reflects strong market validation, with traction among large enterprises and plans to invest in R&D and sales to outpace cybercriminals. |
| Jan 2024 | Series A | Andreessen Horowitz (lead) | $19M | - | Doppel is an AI-native digital risk protection company based in San Francisco that provides solutions for brand protection against AI impersonation, phishing, disinformation, and social engineering threats across web domains, social media, dark web, Telegram, and crypto platforms. Doppel serves major brands including Coinbase, VSCO, and ARK Invest. The company secured a $14 million Series A funding round in January 2024, led by Andreessen Horowitz (a16z), with participation from Strategic Cyber Ventures, Script Capital, South Park Commons, SVAngel, and other cybersecurity leaders, bringing total fundraising to $19 million to date. Funds are allocated to accelerate AI technology development for continuous monitoring, rapid detection, and takedown of malicious content and accounts, as well as to expand global operations, customer support, and sales. The company emphasizes its Silicon Valley and traditional security talent to scale AI-driven digital risk protection. |
| May 2022 | Seed | SV Angel; Gokul Rajaram; Quiet Capital; South Park Commons | $5M | - | - |
Who has invested in Doppel?
11 investors have backed Doppel across its funding rounds, including Andreessen Horowitz, Bessemer Venture Partners, South Park Commons, SV Angel, Quiet Capital and Gokul Rajaram.
Lead investors include Bessemer Venture Partners and Andreessen Horowitz.
Doppel Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | May 2025 | ||
| 2 | Lead | Jan 2024 | ||
| 2 | Participant | May 2022 | ||
| 1 | Participant | May 2025 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2022 | ||
| 1 | Participant | May 2025 | ||
| 1 | Participant | May 2025 | ||
| 1 | Participant | May 2025 | ||
This data is available for Pro users. Sign up to see all 11 Doppel investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialDoppel Competitors
Doppel competitors include listed companies like ODDITY Tech and Shenzhen Sunwin, and private ones like Onyx Security, Inworld AI, Exaforce and PolyAI.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $640M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $725M | - | ||
| Private | - | - | $750M | - | ||
| Publicly listed | $810M | $131M | $889M | 1.8x | ||
| Publicly listed | $20M | ($147M) | $687M | - |
Doppel Public Comps
Doppel is still privately-owned, but its public comps include Sansec, Hanwang Technology Co, Baudroie, Beijing VRV Software, Unisound Ai Technology, Baida Group Co, PKSHA Technology, ExaWizards, Aura.com and DBAPPSecurity.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $83M | ($2M) | 6.1x | 5.4x | (310.1x) | (388.8x) | |||
| $282M | ($14M) | 2.2x | - | (44.4x) | - | |||
| $112M | $24M | 5.2x | 4.3x | 24.7x | 21.0x | |||
| $46M | ($44M) | 13.1x | - | (13.6x) | - | |||
| $181M | ($22M) | 3.0x | 2.1x | (24.5x) | (36.1x) | |||
| $31M | $9M | 13.6x | - | 45.2x | - | |||
| $140M | $47M | 4.1x | 2.4x | 12.2x | 10.7x | |||
| $77M | $13M | 6.6x | 5.7x | 39.3x | - | |||
This data is available for Pro users. Sign up to see all Doppel competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Doppel
| When was Doppel founded? | Doppel was founded in 2022. |
| Where is Doppel headquartered? | Doppel is headquartered in Los Angeles, CA, United States. |
| Is Doppel publicly listed? | No, Doppel is a private, VC-backed company. |
| What is Doppel's valuation? | Doppel was last valued at $600M in its Series C in November 2025. |
| How much funding has Doppel raised? | Doppel has raised $129M across 4 funding rounds. |
| What was Doppel's last funding round? | Doppel's last funding round was a $70M Series C in November 2025, led by Bessemer Venture Partners. |
| Who are Doppel's investors? | Doppel's investors include Bessemer Venture Partners, Andreessen Horowitz, South Park Commons, Sozo Ventures, SV Angel, Gokul Rajaram, Strategic Cyber Ventures, 9Yards Capital, Script Capital, Quiet Capital and 1 other. |
| Which companies are comparable to Doppel? | Companies comparable to Doppel include Onyx Security, Inworld AI, Exaforce, PolyAI, ODDITY Tech and Shenzhen Sunwin. |
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