CybSafe, a London, UK-based cybersecurity software company using behavioral science and data science to transform security awareness and human cyber risk management, announced that it closed a $28 million Series B funding round, taking its total funding to $40 million.
The round was led by Evolution Equity Partners, with participation from Emerald Development Managers and existing investors IQ Capital and Hannover Digital Investments (HDI) GmbH.
CybSafe will use the Series B investment to further its mission to support its customers in changing human behavior and lowering cybersecurity risk with behavioral and data science, ultimately preventing security incidents.
In addition, to accelerate its product development, it will expand its team, across all roles including cybersecurity specialists, behavioral scientists, data scientists, and software engineers.
It will also focus on go-to-market activities expanding into new geographies, including the US market.
Company: Cybersafe Solutions LLC
Round: Series B
Funding Month: June 2022
Lead Investors: Evolution Equity Partners
Additional Investors: Emerald Development Managers, IQ Capital, and Hannover Digital Investments (HDI) GmbH.
Company Website: https://www.cybsafe.com/
Software Category: Cybersecurity Software
About the Company: Led by Oz Alashe MBE, former UK Special Forces Lieutenant Colonel and the CEO and founder, CybSafe is a behavioral science and data analytics company that builds software to help organizations manage human cyber risk. The CybSafe software platform tracks and measures security behavior to improve security controls and awareness activities. It delivers instant, personalized support for users and enables security teams to reduce risk in changing environments. CybSafe is being used by over 350 organizations, in 15 countries and is accredited by NCSC and CIISec. CybSafe delivers the annual PeepSec summit, an official London Tech Week event, and the UK’s first event focused on the people, culture, and social aspects of cybersecurity.