3 years ago

CybSafe Raises $28 Million for US Expansion

  • CybSafe, a British cybersecurity company that uses behavioral science to provide tailored security awareness training for employees, has raised $28 million (£22.4 million) in a Series B funding round led by Evolution Equity Partners

  • The company will use the capital to expand into new markets, including the US, and hire more behavioral scientists, data scientists, and software engineers

  • CybSafe's technology is used by financial powerhouses such as Barclays Bank, Credit Suisse, and HSBC

  • The company's cloud-based platform integrates with existing software solutions, such as Okta and Microsoft 365, and uses machine learning to gather and crunch data on an employee's cyber habits at work to create a personalized dashboard with advice, risk analysis, and social engineering simulations.

      • ProblemTechnology

      "Cybersecurity training is often ineffective, lacking scientific basis, and failing to provide data on its effectiveness. This leads to businesses struggling to reduce cyber risk."

      Solution

      "CybSafe uses behavioral science to create personalized cybersecurity training for employees. Their platform integrates with existing software solutions and uses machine learning to gather data on employee cyber habits, providing tailored advice, risk analysis, and social engineering simulations."

      Covered on