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Bristol cyber security training company raises $75 (£53) million to scale up

14 June 2021
The Business Magazine article image for: Bristol cyber security training company raises $75 (£53) million to scale up

Bristol-based cyber security training company Immersive Labs has secured Series C investment of $75 million with Insight Partners, Menlo Ventures, Citi Ventures and existing investor Goldman Sachs.

James Hadley, CEO and Founder, said: "Not so long ago, to most organszations, cyber skills were limited to technical teams remediating laptops and changing passwords. Fast forward a few years, and cyber knowledge, skills and capabilities are in huge demand across entire organisations.

"Not only do security teams need continual upskilling, but developers require ongoing education to code securely, People teams need to hire the right talent in the face of ever-changing requirements, and everyone from the CEO to PR and legal teams must be primed to respond effectively to ever more likely cyber incidents and crises."

"It is because of the burden this puts on skills that we are  announcing a Series C investment of $75 million.

"Led by new investors Insight Partners, alongside Menlo Ventures, and Citi Ventures with existing investor Goldman Sachs Asset Management, the capital will be used to enhance our platform so it can intelligently match this spreading threat using targeted training to deliver knowledge, skills and judgment."

Immersive Labs customers include Airbnb, The Metropolitan Police, Goldman Sachs and NHS Digital, among others.

The company says it is experiencing more than 100 per cent year on year growth, with more than 200 people in major territories worldwide.

Nicky Godding is editor of The Business Magazine. Before her journalism career, she worked mainly in public relations moving into writing when she was invited to launch Retail Watch, a publication covering retail and real estate across Europe.

After some years of constant travelling, she tucked away her passport and concentrated on business writing, co-founding a successful regional business magazine. She has interviewed some of the UK’s most successful entrepreneurs who have built multi-million-pound businesses and reported on many science and technology firsts.

She reports on the region’s thriving business economy from start-ups, family businesses and multi-million-pound corporations, to the professionals that support their growth and the institutions that educate the next generation of business leaders.

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