Immersive Labs听has raised听拢53 million in a Series C funding round.听
The firm, headquartered in Bristol with a base in Boston in the US, uses a gamified system and up-to-date threat intelligence to promote company-wide security.听
The investment was听led by Insight Partners听with听Menlo Ventures, Citi Ventures and existing investor Goldman Sachs Asset Management听also participating.听
The firm plans to further scale in US听and around Europe, trebling its headcount to more than 600 in the next two years.听
鈥淲ith cyber risk becoming a problem for a growing number of business functions, cybersecurity knowledge and skills should no longer be the preserve of a few technical people hidden away in a back office,鈥� CEO and founder听James Hadley told TechCrunch.听听
鈥淓veryone from the teams who build software, to the CEO, now need to play their part in addressing a pervasive company issue. This requires unlocking and evidencing skills in a much broader group of people.鈥�听
Ryan Hinkle, managing director at Insight Partners, said: 鈥淲ith significant global customer and revenue growth over the last few years, Immersive Labs has established a strong position in the fast-developing cyber skills space.听听
鈥淲ith influential leadership, an innovative product in a growing market, and strong user engagement, the company is in a position to continue to lead the cyber readiness market.鈥�听
Customers of听Immersive Labs, founded in 2017, include听HSBC, Vodafone and the NHS.听