Immersive Labs, the arena’s first totally interactive, on-demand and gamified cyber talents platform, has closed $40 million in investment led by means of international expansion fairness investor Summit Partners, with participation from current investor Goldman Sachs.
The funding shall be used to make stronger enlargement tasks in North America, the place buyer call for highlights a transparent want to optimise cyber talents and guard towards repeatedly evolving threats.
James Hadley, CEO of Immersive Labs mentioned: “Gaps in cybersecurity wisdom meaningfully building up chance to an organisation, developing vulnerability and presenting alternative for attackers. The fast, repeatedly evolving risk panorama has made conventional study room coaching for cyber talents out of date.
“At a time when cyber talents are stretched around the board, the Immersive Labs platform permits companies to spot those susceptible issues and impulsively ability other folks to deal with them.”
Immersive Labs was once based by means of CEO James Hadley, former UK Government Communications Headquarters (GCHQ) cybersecurity trainer, who envisioned remodeling the best way organisations gain and deploy new talents.
The company has skilled fast expansion since its release, with 750% year-over-year building up in annual ordinary revenues and an worker base this is now greater than 100 robust. The company plans to construct on its momentum from its new North American headquarters in Boston.
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More than 100 organisations worldwide are already experiencing the benefits of the Immersive Labs platform, including British Telecom, Bank of Montreal, Citigroup and Goldman Sachs, as well as government bodies such as the UK’s National Health Service and London’s Metropolitan Police.
Antony Clavel, a Principal with Summit Partners, said, “Cybersecurity has been a core investment theme for Summit for many years. We recognize in Immersive Labs many of the same qualities that we’ve seen in other cybersecurity leaders: a technically strong and strategically thoughtful management team; a differentiated product addressing a large and urgent market need; and a rapidly growing base of blue-chip customers.
“We believe Immersive Labs is well-positioned to become a global category leader in cyber skills development.”
James Hayward, from Goldman Sachs’ Merchant Banking Division, added: “We are impressed with Immersive Labs’ achievements since our initial investment and see further growth potential as the team continues to execute on their vision and expand to new geographies.
“The platform is continually evolving to help address the gap in cyber skills that is impacting companies and governments across the globe.”