Immersive Labs secures $66M in new capital and expands leadership team

Published by

Nicky Godding

Immersive Labs has raised $66 million in capital to continue its growth and investment in its Cyber Workforce Resilience platform. Ten Eleven Ventures led the latest raise supporting the company’s efforts to help organizations around the world assess, build, and prove their resilience to cyber threats of all kinds. Existing investors Goldman Sachs Asset Management, Summit Partners, Insight Partners, Menlo Ventures, and Citi Ventures all participated in the round.

The company also announced new strategic additions to its executive leadership team, including Sandra McDevitt as Chief Human Resources Officer (CHRO) and Lucian Lui as Chief Marketing Officer (CMO). Ten Eleven General Partner and Darktrace Founder and former Chief Product Officer Dave Palmer will join the company’s Board of Directors, while Jack Huffard, Tenable Co-Founder and current Non-Executive Director of Immersive has become Chair of the Board.

Immersive Labs, which provides realistic simulations and hands-on cybersecurity labs to evaluate individual and team capabilities, will use the additional capital to accelerate its growth in the Cyber Workforce Resilience category and deliver solutions that give enterprise customers innovative ways to prove their cyber capabilities across the business, from executive decision making to hands-on cyber defense teams. Today, enterprise and government customers like Citi, Goldman Sachs, HSBC, Pfizer, Daimler, Humana, Atos, and the UK National Health Service rely on Immersive Labs to demonstrate their cyber resilience by measuring their cyber defense and crisis management capabilities compared to industry benchmarks, building rapid team collaboration, and showing risk reduction and compliance with data-backed evidence.

“Attracting new investment during a difficult time overall for the tech sector underscores the incredible demand for Immersive Labs’ disruptive, people-centric approach to cybersecurity,” said James Hadley, CEO, Immersive Labs. “Proving cyber resilience has increasingly become a Board and C-level consideration. Our customers rely on us because we offer a trusted and effective approach to upskilling and measuring team and individual cyber defense capabilities.”

“As we see more focus on proving cyber resilience across public and private sectors, Immersive Labs stands to play a key role in the future of cybersecurity,” said David Palmer, General Partner, Ten Eleven Ventures. “The company’s product innovation and strategic leadership hires further secure the company’s top position in the Cyber Workforce Resilience category.”

Immersive Labs is trusted by the world’s largest organizations and governments, including Citi, Pfizer, Daimler, Humana, Atos, HSBC, and the UK National Health Service. We are backed by Goldman Sachs Asset Management, Summit Partners, Insight Partners, Citi Ventures, and Menlo Ventures.

Ten Eleven Ventures is the original cybersecurity-focused, global, stage agnostic investment firm.

Nicky Godding

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.