INSUBCONTINENT EXCLUSIVE:
Immersive Labs, a cybersecurity skills platform, has raised $40 million in its Series B, the company’s second round of funding this year
following an $8 million Series A in January.Summit Partners led the fundraise, with Goldman Sachs participating, the Bristol, U.K.-based
company confirmed.Immersive, led by former GCHQ cybersecurity instructor James Hadley, helps corporate employees learn new security skills
by using real, up-to-date threat intelligence in a “gamified” way
Its cybersecurity learning platform uses a variety of techniques and psychology to build up immersive and engaging cyber war games to help
IT and security teams learn
The platform aims to help users better understand cybersecurity threats, like detecting and understanding phishing and malware
reverse-engineering.It’s a new take on cybersecurity education, as the company’s founder and chief executive Hadley said the
ever-evolving threat landscape has made traditional classroom training “obsolete.”“It creates knowledge gaps that increase risk, offer
vulnerabilities and present opportunities for attackers,” said Hadley.The company said it will use the round to expand further into the
and Canadian markets from its North American headquarters in Boston, Mass.Since its founding in 2017, Immersive already has big customers to
its name, including Bank of Montreal and Citigroup, on top of its U.K
customers, including BT, the National Health Service and London’s Metropolitan Police.Goldman Sachs, an investor and customer, said it was
“impressed” by Immersive’s achievements so far.“The platform is continually evolving as new features are developed to help address
the gap in cyber skills that is impacting companies and governments across the globe,” said James Hayward, the bank’s executive
director.Immersive said it has 750% year-over-year growth in annual recurring revenues and more than 100 employees across its offices.
