Immersive Labs nabs $66m for people-centric cyber services

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Immersive Labs, which specialises in people-centric cyber resilience, has raised $66m in fresh funding as it looks to bolster its Cyber Workforce Resilience platform.

Ten Eleven Ventures led the new investment. Participation also came from existing investors Goldman Sachs Asset Management, Summit Partners, Insight Partners, Menlo Ventures and Citi Ventures.

This capital will support the development of its Cyber Workforce Resilience category and deliver solutions that give enterprise customers innovative ways to prove their cyber capabilities.

The people-centric cyber resilience platform provides realistic simulations and hands-on cybersecurity labs to improve teams’ cyber prowess.

Its platform enables organisations to continuously assess, build and prove their cyber workforce resilience for teams across the entire organisation. Staff have realistic simulations and labs to evaluate their skills and decision-making against threats.

The platform also shows how a company compares to industry benchmarks.

Its clients include Citi, Goldman Sachs, HSBC, Pfizer, Daimler, Humana, Atos and the UK National Health Service.

Alongside the capital injection, the company has named several new members to its executive leadership team. This includes former Quantcast and Patreon chief people officer Sandra McDevitt as its new chief human resources officer.

Lucian Lui has also been made Immersive Labs’ chief marketing officer and Ten Eleven general partner and Darktrace founder Dave Palmer has joined the company’s board of directors.

Speaking about the investment, Immersive Labs CEO James Hadley said, “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.

“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 defence capabilities.”

The company previously raised a $75m Series C in June 2021.

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