Cybersecurity education company SafeStack nabs $2.5m

Cybersecurity education company SafeStack nabs $2.5m

New Zealand-based cybersecurity education company SafeStack has raised NZD 4m ($2.5m), as it looks to hire more staff.

The investment was led by Blackbird, an Australasian investment firm. Other commitments to the round came from Jelix Ventures, Carthona Capital, NAB Ventures, K1W1, and New Zealand Growth Capital Partners’ Aspire NZ Seed Fund.

With the funds, the CyberTech company plans to hire more staff as it hopes to build a team of 30 million security-minded software developers around the world.

SafeStack aims to help unlock the potential of a company’s software development team’s cybersecurity capabilities.

It offers a secure development education program, which combines courses, hands-on labs and communities.

The company has had a busy 2022. It hired its first apprentices, sponsored communities around the world and more. SafeStack launched its Student Sponsorship program that aims to train an entire generation of new software development professionals from day one of their careers.

With the strong growth, the company now provides training to over 350 organisations in 45 countries, representing almost 20,000 paying learners.

In a blog post announcing the funding round, SafeStack said, “At SafeStack, we know we have a long road ahead of us when it comes to reaching the global audience that will benefit from our platform.

“However, having such incredible investor support is an excellent foundation for the coming months and years, and a strong signal about the importance of cyber security and secure development for innovative companies worldwide.”

The company previously raised NZD 2.3m ($1.6m) in funding in 2021. Investors to the round included Jelix Ventures, Carthona Capital, K1W1, New Zealand Growth Capital Partners’ Aspire NZ Seed Fund and NAB Ventures.

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