Right-Hand Cybersecurity, a Phoenix, AZ-based pioneer in human risk management for cybersecurity, announced that it successfully raised $5 million in Series A funding.
The round was led by former PayPal executive Jack Selby and his firm AZ-VC, the largest venture capital firm in Arizona.
With the successful close of its Series A funding, the company will expand its operations across the U.S. and Asia-Pacific while investing heavily in its human risk management platform that efficiently integrates with other commonly adopted and relied upon security solutions.
Right-Hand plans to continue expanding its platform integrations across the most commonly adopted technologies in their customers' environments to help the data from each disparate product play a key role in improving employee behaviors and lowering their risk tendencies and by keeping the training experience crisp, gamified, and to the point, it's a win-win for security teams and employees alike.
"What differentiates Right-Hand is that we go beyond just 'checking the box' for improving user behaviors to reduce cybersecurity risks," says Founder and CEO, Theo Nasser. "We provide an ongoing overview of employee risk profiles, and tailor learning materials specifically to individual behaviors to help reduce security alerts that inundate the Security Operation Center (SOC) – a radical departure from the 'one size fits all' security awareness approach that's become the unfortunate norm in this space. Right-Hand and our customers see this as the future for human layer security."
Company: Right-Hand Cyber Security Pte Ltd.
Raised: $5.0M
Round: Series A
Funding Month: March 2023
Lead Investors: Jack Selby and AZ-VC
Additional Investors:
Company Website: https://right-hand.ai/
Software Category: Security Awareness Training Software
About the Company: Founded in 2019 by Theo Nasser and Uzair Ahmed, Right-Hand Cybersecurity is a platform that aims to measure and reduce cybersecurity breaches caused by human errors by tracking and proactively shaping behaviors, thus leading to a reduction in security alerts to the SOC. It provides dynamic training tailored to individual users based on their behaviors and risk tendencies – identifying those most likely to catalyze a breach and driving behavior change accordingly. Right-Hand is based in Phoenix, AZ with extended operations in Singapore. Right-Hand's fresh approach to tracking and changing behaviors has quickly become favored by major enterprise customers, including Western Alliance Bank and Real Time Resolutions, a loan servicing company.
Source: https://www.prnewswire.com/news-releases/right-hand-cybersecurity-announces-5m-series-a-to-reduce-employee-errors-that-cause-the-majority-of-cybersecurity-breaches-301783411.html