Series C14 June 2021

Immersive Labs raises $75m in Series C funding led by Insight Partners to scale its cyber workforce platform

Insight Partners led the Series C financing, which included participation from Menlo Ventures, Citi Ventures and Goldman Sachs Asset Management.

$75.0MSeries C

Immersive Labs provides a cybersecurity platform that measures and improves human cyber skills across technical and non-technical teams. The business currently counts major organisations such as HSBC, Vodafone and the NHS among its clients.

Bristol-based cybersecurity firm Immersive Labs has secured $75m in Series C funding to accelerate the delivery of its cyber workforce optimisation platform. The round was led by Insight Partners, with participation from new backers Menlo Ventures and Citi Ventures, alongside continued support from existing investor Goldman Sachs Asset Management.

The capital will support the company as it scales its operations internationally, aiming to triple its global headcount to 600 over the next two years. Immersive Labs will also use the funds to expand into new regions across Europe and the Asia-Pacific area while further developing its data-centric platform for mapping cyber skills to organizational risk.

From the founder

"With cyber risk becoming a problem for a growing number of business functions, cybersecurity knowledge and skills should no longer be the preserve of a few technical people hidden away in a back office. Everyone from the teams who build software, to the CEO, now need to play their part in addressing a pervasive company issue. This requires unlocking and evidencing skills in a much broader group of people."

James Hadley

CEO and Founder at Immersive Labs

Investor perspective

"With significant global customer and revenue growth over the last few years, Immersive Labs has established a strong position in the fast-developing cyber skills space"

Ryan Hinkle

Managing Director, Insight Partners