Seed18 October 2022

OutThink raises $10m in seed funding led by AlbionVC to expand its human risk management platform

The seed round was led by AlbionVC to fuel international distribution and technological expansion.

$10.0MSeed

≈ £8.8M at $1 = £0.8816 on 18 Oct 2022

OutThink provides a human risk management platform for cybersecurity, combining machine learning and applied psychology to identify behaviours and prevent data breaches.

OutThink has secured $10m in a seed funding round led by AlbionVC, with participation from Triple Point Ventures, Forward Partners, Gapminder and Innovate UK. The capital will be used to support the company as it expands its technological capabilities and accelerates international distribution.

Founded in 2019 by Flavius Plesu, the firm provides a human risk management platform designed to measure real-world security behaviours and mitigate data breaches. The latest financing follows a period of rapid growth that saw the company quadruple its enterprise annual recurring revenue over the past year.

From the founder

"The idea for OutThink was born out of frustration that existing solutions on the market were failing, yet it also came from a passionate belief that if we engaged people beyond traditional security awareness training into human risk management, we could make them the organisation's strongest defence mechanism. We are delighted to welcome AlbionVC, TriplePoint and Gapminder to our team as we create a new category within the cybersecurity solutions market."

Flavius Plesu

Founder and CEO at OutThink

Investor perspective

"Flavius's vision for OutThink and his ambition to overturn outdated and conventional thinking around cybersecurity are rapidly being realised because his team understand implicitly what their customers need. By designing a product with enterprise CISOs expressly in mind, OutThink has fast-tracked customer growth amongst some of the world's biggest companies and we are excited to see what the team achieves next."