OutThink, a London, England-based cybersecurity human risk management platform, raised $10 million in seed funding.
The round was led by AlbionVC, with participation from TriplePoint Capital, Forward Partners, Gapminder, and Innovate UK.
With this funding, OutThink will be able to continue expanding its technological leadership and accelerate international distribution.
Flavius Plesu, Founder and CEO of OutThink, said, “The idea for OutThink was born out of frustration that existing solutions on the market were failing, yet it also came from a passionate belief that if we engaged people beyond traditional security awareness training into human risk management, we could make them the organisation’s strongest defence mechanism. We are delighted to welcome AlbionVC, TriplePoint and Gapminder to our team as we create a new category within the cybersecurity solutions market.”
OutThink was used by major organizations, including Whirlpool, Danske Bank, Rothschild, and NatWest.
Company: Outthink Limited
Raised: $10.0M
Round: Seed Round
Funding Month: October 2022
Lead Investors: AlbionVC
Additional Investors: TriplePoint Capital, Forward Partners, Gapminder, and Innovate UK
Company Website: https://outthink.io/
Software Category: Cybersecurity Human Risk Management Platform
About the Company: Founded in 2019 by Flavius Plesu, OutThink, a cybersecurity human risk management platform, combines machine learning, natural language processing, and applied psychology to identify people’s attitudes and behaviors. OutThink measures real-world security behaviors reveals unique risk patterns across an organization and prevents data breaches like never before. Whirlpool, Danske Bank, Rothschild, NatWest, and other FTSE 100 companies are among its clients. It is headquartered in the City of London, with development in the UK, Spain, Greece, and Romania, and offices in Europe, the Middle East, and the Asia Pacific.
Source: https://techfundingnews.com/outthink-secures-10m-to-tackle-the-human-errors-behind-data-breaches/