CybSafe secures £5.6m Series A round led by IQ Capital to scale its behavioural security platform.
IQ Capital led the Series A investment, which will fund go-to-market expansion and research capabilities.
CybSafe is a London and San Francisco based cybersecurity software company that uses behavioral science and data science to manage human cyber risk.
CybSafe has secured £5.6m in a Series A funding round led by IQ Capital, with participation from Hannover Digital Investments and B8 Ventures. The company will use the capital to accelerate its go-to-market strategy, deepen its technological capabilities, and advance its research initiatives. This financing follows a period of strong commercial momentum for the London-based security platform.
Founded to address the human factor in cyber security, CybSafe uses audit data from multiple enterprise systems to help security teams measure behaviour and deliver personalised support. The platform offers an alternative to traditional tick-box awareness training by focusing on measurable behavioural change. Its client base includes major enterprises such as Credit Suisse, Air Canada, and HSBC.
From the founder
"We believe in people. And we passionately believe in the impact data and behavioural science can have on human cyber risk management. Our platform is for organisations who ultimately want to do more than rely just on e-learning and phishing simulations. It’s a platform that can grow with them through to when they are ready to measure security behaviour change."
Oz Alashe
CEO and founder at CybSafe
Investor perspective
"CybSafe’s data modelling of employee security behaviours and habits is game-changing. They are transforming the security industry by pioneering the use of data to address the human aspect of cyber security. It’s an area that has been under-served to date. Leveraging proprietary and third-party data – and robust behavioural psychology – their risk-models will enable security teams to predict areas of user-related vulnerability, and the platform will deliver personalised interventions. They are at the forefront in this data space and have built one of the UK’s highest-potential cyber security companies. We’re excited to lead the funding round and be part of this growing movement of change-makers focused on human cyber risk."
Kerry Baldwin
Co-Founder, Managing Partner, IQ Capital
Use of funds
- 01Accelerate go-to-market
- 02Fund research and development
