CultureAI, a leading Human Risk Management Platform, announced today that it has closed a $10m Series A funding round.
The investment was co-led by Mercia Ventures and Smedvig Ventures, with continued participation from existing investors Passion Capital and Senovo.
The company is renowned for its pioneering Human Risk Management Platform, which uses data to help organisations monitor, reduce, and address human cyber risks. By leveraging real-time analytics, CultureAI enables security teams to pinpoint employee-related security risks, provide immediate coaching, and implement automated solutions.
This latest funding will be used by CultureAI to further develop its platform and expand its global footprint, especially in the US market. The company plans to significantly invest in product innovation and aims to double its workforce over the next year, enhancing its capabilities to tackle human error in cyber security effectively.
CultureAI has previously secured $4m in 2021 and $5m in 2023. The firm has successfully garnered substantial revenue increases and expanded its client base, which includes notable names such as Revolut, RAC, and ClearBank.
James Moore, founder and CEO of CultureAI, emphasizes the transformative potential of their technology: “Imagine having a team of thousands who deeply understand your business and its employees. If this team could review, understand, and fix risks generated by each employee at source, breaches could be reduced by around 80%. While it’s impractical to build such a team, we can emulate its effectiveness using intelligent technology.”
“Addressing human risk is crucial for cyber security. Every day, 1 in 4 employees create cyber risks as they go about their jobs, from reusing passwords across shadow SaaS apps to oversharing intellectual property with AI tools.
“We’re all human and make mistakes. However just doing more security awareness training won’t solve this—we can’t out-train human error. That’s why we’re focused on creating a platform which detects and automatically fixes the full spectrum of workforce cyber risks through interventions and nudges.”
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