CultureAI, a Manchester, UK-based company that provides a human risk management platform for security and awareness teams, announced that it raised £7 million in seed funding.
Conviction VC, Passion Capital, Senovo, and angel investors Paul Forster, founder of Indeed; and Guntram Friede, formerly Head of Marketing EMEA at Mulesoft, invested in the round.
The investment will be used to improve the platform further and double the size of the company’s team, with a strong focus on R&D and new GTM strategies.
James Moore, CEO and Founder of CultureAI said: “An important goal with this investment is to accelerate our market growth and reach new domestic and international customers. We’re expanding our research and development efforts, pushing the boundaries of what’s possible in the field of human risk management, and creating new solutions that will help our customers stay ahead of emerging threats and move beyond security awareness training into end-to-end human risk management.”
To date, CultureAI has helped to manage the security behaviors of more than 250,000 employees across customer organizations. This includes NatWest, Three, Dojo, and more recently, Royal Mail Group and business banking platform Tide.
Company: CultureAI, Ltd.
Raised: £7.0M
Round: Seed Round
Funding Month: May 2023
Lead Investors:
Additional Investors: Conviction VC, Passion Capital, Senovo, Paul Forster, and Guntram Friede
Company Website: https://www.culture.ai/
Software Category: Human Risk Management and Automation Platform
About the Company: Founded by James Moore, CultureAI is a data-driven, cloud-based human risk management and automation platform for security and awareness teams that helps organizations measure, reduce, and respond to all cyber risks created by their workforces. The platform integrates with an organization’s existing tech stack to surface actionable employee security behavior insights. Since first launching in 2018, CultureAI has quickly gained recognition from prominent organizations in various sectors, including finance and government, seeking to transform their security cultures.
Source: https://www.businessleader.co.uk/cultureai-raises-7-million-in-seed-funding/