Immersive Labs receives $66M in funding for cyber training platform

Cybersecurity training platform Immersive Labs has announced that it has secured another $66 million in investment capital, for a total of $189 million. The Immersive Labs platform provides cyber training to employees in a “gamified” way, and is ideal for clients with remote workers. Remote working employees are thought to be at increased cyber risk for organizations to see, control, and manage.

According to TechCrunch, Ten Eleven Ventures raised the latest funding round, while existing investors including Goldman Sachs Asset Management, Summit Partners, and more participated.

Significant interest in Immersive Labs has been gaining since the onset of COVID-19, which forced corporations globally to re-adjust their information technology architecture and enable remote working.

Of course, with the pandemic came the realization for many workers that remote working provides numerous benefits that traditional office-mandated working routines do not.

Cybersecurity experts agree that the weakest link remains the individual employee—human error—that have resulted in major breaches due to something as simple as a phishing email.

Immersive Labs announced that the new funding will support its “Cyber Workforce Resilience” training category and deliver additional capabilities to customers such as Citi, Goldman Sachs, HSBC, Pfizer, and more.

Founder James Hadley announced in a statement, “Attracting new investment during a difficult time overall for the tech sector underscores the incredible demand for Immersive Labs’ disruptive, people-centric approach to cybersecurity. Proving cyber resilience has increasingly become a Board and C-level consideration.”