Cybersecurity Training Company Immersive Labs Raises $75 Million

Cyber skills development platform provider Immersive Labs today announced that it raised $75 million in Series C funding. The round brings the total raised by the company to $123 million.

Founded in 2017, by a former employee of the UK’s GCHQ intelligence agency, the company has offices in Bristol and Boston, helping both private and government organizations improve the cybersecurity skills of their employees.

The new funding round, Immersive Labs says, will help it accelerate the delivery of a new Cyber Workforce Optimization platform.

Leveraging data gathered at all levels of a company, the platform will help organizations understand where skills are required, so that role-specific training can take place. The platform will also deliver board-level metrics and benchmarking.

The company also plans to expand its international presence with new offices in the APAC region and Europe. With 200 employees at the moment, Immersive Labs wants to hire 400 more over the next two years.

The funding round was led by Insight Partners, with participation from Menlo Ventures, Citi Ventures and Goldman Sachs Asset Management.

“With cyber risk becoming a problem for a growing number of business functions, cybersecurity knowledge and skills should no longer be the preserve of a few technical people hidden away in a back office. Everyone from the teams who build software, to the CEO, now need to play their part in addressing a pervasive company issue. This requires unlocking and evidencing skills in a much broader group of people,” James Hadley, CEO and founder of Immersive Labs, said.

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Ionut Arghire is an international correspondent for SecurityWeek.

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