Email Security Startup Raises $22 Million, CEO Says ‘Funding Winter Is Here’

Every few weeks a cybercriminal spoofs an email pretending to be him. The would-be crook attempts to dupe the finance department of Agari, the email security startup Peterson co-founded in 2009, to wire tens of thousands of dollars to a certain bank account, the chief exec tells Fortune. The office has a nickname for the indefatigable imposter: “Bad Pat.”