Cyber-skills firm Immersive Labs raises $40 million

Cyber-skills firm Immersive Labs raises $40 million

Immersive Labs, a British cyber skills startup created by a former GHQ staffer, has raised $40m in Series B funding through Summit Partners and existing investor Goldman Sachs.

The Immersive Labs platform uses real-time feeds of the latest attack techniques, hacker psychology and technological vulnerabilities to build cyber wargames for IT and security teams to learn from.

The company was founded by ex-GCHQ researcher James Hadley and is chaired by former GCHQ chief Robert Hannigan. Other big corporates on the client list include BAE Systems, Sophos and Grant Thornton.

The latest funding round comes 11 months after Goldman Sachs injected $8 million into the firm, saying its technology had helped hone the skills of the people at the front line of its cyber defences and to identify new talent throughout the organisation.

The company, which has achieved 750% year-over-year growth in annual recurring revenue and hired over 100 employees, says a share of the funding will go towards growing its presence across the Atlantic, having already set up an outpost in Boston.

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