Immersive Labs, a cybersecurity expertise platform, has raised $40 million in its Sequence B, the corporate’s second spherical of funding this 12 months following an $eight million Sequence A in January.
Summit Companions led the fundraise, with Goldman Sachs collaborating, the Bristol, U.Ok.-based firm confirmed.
Immersive, led by former GCHQ cybersecurity teacher James Hadley, helps company workers study new safety expertise through the use of actual, up-to-date risk intelligence in a “gamified” approach. Its cybersecurity studying platform makes use of quite a lot of methods and psychology to construct up immersive and interesting cyber struggle video games to assist IT and safety groups study. The platform goals to assist customers higher perceive cybersecurity threats, like detecting and understanding phishing and malware reverse-engineering.
It’s a brand new tackle cybersecurity schooling, as the corporate’s founder and chief govt Hadley stated the ever-evolving risk panorama has made conventional classroom coaching “out of date.”
“It creates information gaps that enhance threat, supply vulnerabilities and current alternatives for attackers,” stated Hadley.
The corporate stated it’s going to use the spherical to develop additional into the U.S. and Canadian markets from its North American headquarters in Boston, Mass.
Since its founding in 2017, Immersive already has massive clients to its title, together with Financial institution of Montreal and Citigroup, on high of its U.Ok. clients, together with BT, the Nationwide Well being Service and London’s Metropolitan Police.
Goldman Sachs, an investor and buyer, stated it was “impressed” by Immersive’s achievements thus far.
“The platform is regularly evolving as new options are developed to assist handle the hole in cyber expertise that’s impacting corporations and governments throughout the globe,” stated James Hayward, the financial institution’s govt director.
Immersive stated it has 750% year-over-year progress in annual recurring revenues and greater than 100 workers throughout its places of work.