Cyber-learning platform generates another $66 million after post-pandemic remote work increases cyber threats

It wasn’t until June last year that we reported how Immersive labs, a platform that teaches cybersecurity skills to employees in a “gamified” way, had closed a $75 million Series C funding round. To date, the company has just raised another $66 million, bringing the total raised to $189 million.

And he can perhaps put his success in part on COVID-19. The company previously said that the new wave of interest in organizations’ cybersecurity has been caused by the fact that so many people are turning to remote working, a habit that was acquired during the pandemic and that more and more companies implement by default.

Ten Eleven Ventures led the latest raise, while existing investors Goldman Sachs Asset Management, Summit Partners, Insight Partners, Menlo Ventures and Citi Ventures all participated in the round.

Immersive Labs was born out of the CYLON cyber accelerator in London, an idea born of founder James Hadley, a former GCHQ security researcher and trainer, who realized that ordinary employees needed a better way to learn cybersecurity because they were the weakest links in most organizations.

The capital will be used to bolster its Cyber ​​Workforce Resilience category and provide solutions to enterprise clients including Citi, Goldman Sachs, HSBC, Pfizer, Daimler, Humana, Atos and the UK National Health Service.

In a statement, Hadely said, “Attracting new investment during an overall challenging time for the tech industry underscores the incredible demand for Immersive Labs’ disruptive, people-centric approach to cybersecurity. Proving cyber resilience is increasingly a board and C-level consideration.”

Immersive has also strengthened its management team by adding Sandra McDevitt as Chief Human Resources Officer (CHRO) and Lucian Lui as Chief Marketing Officer (CMO). Dave Palmer (general partner of Ten Eleven and founder of Darktrace and former chief product officer) will join the company’s board of directors, while Jack Huffard (co-founder of Tenable and current non-executive director of Immersive) will become chairman.

Palmer added, “As we focus more on proving cyber resilience in the public and private sectors, Immersive Labs is set to play a key role in shaping the future of cybersecurity.