Cyber safety coaching platform Immersive Labs closes $75M Sequence C led by Perception Companions

Immersive Labs, a platform which teaches cyber safety abilities company staff through the use of actual, up-to-date risk intelligence in a “gamified” means, has closed a $75 million Sequence C funding spherical led by new traders Perception Companions alongside Menlo Ventures, Citi Ventures and present investor Goldman Sachs Asset Administration. The funding can be used


Immersive Labs, a platform which teaches cyber safety abilities company staff through the use of actual, up-to-date risk intelligence in a “gamified” means, has closed a $75 million Sequence C funding spherical led by new traders Perception Companions alongside Menlo Ventures, Citi Ventures and present investor Goldman Sachs Asset Administration.

The funding can be used to scale Immersive’s providing within the US and make the most of the brand new wave of curiosity in cyber threats attributable to so many individuals working remotely, post-pandemic. Based in 2017, Immersive Labs now has 200 folks, with joint operations HQs in Bristol, UK, and Boston, US. It plans to boost headcount to over 600 within the subsequent two years and set up operations in new areas all through APAC and Europe. Immersive’s ‘Cyber Workforce Optimization’ platform claims to supply board-level metrics and benchmarking to gauge how the abilities inside organizations are coping.

Immersive has now raised a complete of $123m in enterprise funding and counts HSBC, Vodafone, and the NHS as clients. The corporate says it’s rising at “over 100% year-on-year”.

James Hadley, CEO and founding father of Immersive Labs, mentioned: “With cyber danger turning into an issue for a rising variety of enterprise features, cybersecurity data and abilities ought to now not be the protect of some technical folks hidden away in a again workplace. Everybody from the groups who construct software program, to the CEO, now must play their half in addressing a pervasive firm concern. This requires unlocking and evidencing abilities in a wider group of individuals.”

Ryan Hinkle, managing director at Perception Companions, mentioned: “With vital world buyer and income development over the previous couple of years, Immersive Labs has established a powerful place within the fast-developing cyber abilities area. With influential management, an progressive product in a rising market, and robust person engagement, the corporate is able to proceed to steer the cyber readiness market.”

Chatting with me over an interview, Hadley added: “We selected Perception Companions as a result of they have an actual energy in enterprise B2B which is the place we promote to CIOs and CEOs… We need to be the subsequent Darktrace when it comes to a profitable UK cybersecurity firm.”

The comparability won’t be that fanciful. Immersive Labs got here out of the CYLON cyber accelerator, much like Darktrace, has the identical traders as Darktrace, however has in reality attracted $75m for its Sequence C, whereas Darktrace did not handle that stage till Sequence D. Darktrace has now IPO’d within the London for £1.7bn.

Hadley, a former GCHQ safety researcher and coach, got here up with the thought for the cyber abilities platform whereas main cyber coaching himself. I requested him why he thinks Immersive has managed to give you a ‘flywheel impact’ with its platform.

“Folks all the time speak about all of the cyber threats getting worse, nevertheless it actually is now and it is within the public area. We have got a powerful perception that cybersecurity is now not the duty of the geeks within the basement. Really, it is business-wide. And now the tidal wave is coming. Cybercrime goes to go off the size this yr and subsequent as a result of firms are paying the ransoms. And on account of that, we’re placing in analytics to measure decision-making in a disaster. It’s simply resonating very well with each firm no matter CIO or vertical,” he instructed me.



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