Immersive Labs has raised £60 million in capital to continue its growth and investment in its cyber workforce resilience platform.
The Bristol company also announced strategic additions to its executive leadership team, including Sandra McDevitt as chief human resources officer and Lucian Lui as chief marketing officer.
The company provides realistic simulations and hands-on cybersecurity labs to evaluate individual and team capabilities.
Enterprise and government customers like Citi, Goldman Sachs, HSBC, Pfizer, Daimler, Humana, Atos and the NHS use the platform to demonstrate their cyber resilience by measuring their cyber defence and crisis management capabilities compared to industry benchmarks, building rapid team collaboration and showing risk reduction and compliance with data-backed evidence.
Ten Eleven Ventures led the latest raise while existing investors Goldman Sachs Asset Management, Summit Partners, Insight Partners, Menlo Ventures and Citi Ventures all participated.
Ten Eleven general partner Dave Palmer (pictured) – a founder and former chief product officer at Darktrace – will join the company’s board of directors, while Jack Huffard, Tenable co-founder and current non-executive director of Immersive, has become chair.
“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,” said James Hadley, CEO.
“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.”
Palmer added: “As we see more focus on proving cyber resilience across public and private sectors, Immersive Labs stands to play a key role in the future of cybersecurity.
“The company’s product innovation and strategic leadership hires further secure the company’s top position in the Cyber Workforce Resilience category.”