Immersive Labs has raised £53 million in a Series C funding round.
The firm, headquartered in Bristol with a base in Boston in the US, uses a gamified system and up-to-date threat intelligence to promote company-wide security.
The investment was led by Insight Partners with Menlo Ventures, Citi Ventures and existing investor Goldman Sachs Asset Management also participating.
The firm plans to further scale in US and around Europe, trebling its headcount to more than 600 in the next two years.
“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,” CEO and founder James Hadley told TechCrunch.
“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.”
Ryan Hinkle, managing director at Insight Partners, said: “With significant global customer and revenue growth over the last few years, Immersive Labs has established a strong position in the fast-developing cyber skills space.
“With influential leadership, an innovative product in a growing market, and strong user engagement, the company is in a position to continue to lead the cyber readiness market.”
Customers of Immersive Labs, founded in 2017, include HSBC, Vodafone and the NHS.