13 Nov 2019

Immersive Labs raises $40m to accelerate expansion of cyber skills platform

Bristol-based cyber security training platform, Immersive Labs, has closed $40 million in funding led by global growth equity investor Summit Partners, with participation from existing investor Goldman Sachs.

The investment will be used to support expansion initiatives in North America, where customer demand highlights a clear need to optimise cyber skills and guard against constantly evolving threats.

More than 100 organizations 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.

Immersive Labs is an on-demand, continuous and trackable cyber skills development platform that is designed to enable both security specialists and business users to step into real-world cyber security situations based on real-world attack techniques and emerging or zero-day threats. These simulations are designed to challenge users and help them understand and guard against attacks in a safe environment, strengthening skill levels across the board, from identifying phishing attacks to reverse-engineering malware.

Data captured by users can also be employed to instantly analyse internal skill levels and drive improvement. The Immersive Labs platform maps an organization’s existing capabilities to familiar frameworks, including MITRE ATT&CK and NIST NICE. These features help identify specific skill shortages to be addressed and make the platform an important tool for planning, reporting, and forecasting security and risk.

James Hadley, CEO of Immersive Labs, said: “Gaps in cyber security knowledge meaningfully increase risk to an organisation, creating vulnerability and presenting opportunity for attackers. The rapid, constantly evolving threat landscape has made traditional classroom training for cyber skills obsolete.

“At a time when cyber skills are stretched across the board, the Immersive Labs platform enables companies to identify these weak points and rapidly skill people to address them.”   

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