Cyber security training platform Immersive Labs closes $75M Series C led by Insight Partners

Cyber security training platform Immersive Labs closes $75M Series C led by Insight Partners

Immersive Labs, a platform which teaches cyber security skills corporate employees by using real, up-to-date threat intelligence in a “gamified” way, has closed a $75 million Series C funding round led by new investors Insight Partners alongside Menlo Ventures, Citi Ventures and existing investor Goldman Sachs Asset Management.

The investment will be used to scale Immersive's offering in the US and take advantage of the new wave of interest in cyber threats caused by so many people working remotely, post-pandemic. Founded in 2017, Immersive Labs now has 200 people, with joint operations HQs in Bristol, UK, and Boston, US. It plans to raise headcount to over 600 in the next two years and establish operations in new regions throughout APAC and Europe. Immersive's 'Cyber Workforce Optimization' platform claims to offer board-level metrics and benchmarking to gauge how the skills inside organizations are coping.

Immersive has now raised a total of $123m in venture funding and counts HSBC, Vodafone, and the NHS as customers. The company says it is growing at "over 100% year-on-year”.