CybSafe, a London, UK-based behavioural security platform for organisations to manage human cyber risk, raised £5.6m ($7.9m) in Series A1 funding.
The round was led by IQ Capital with participation from Hannover Digital Investments GmbH (HDI Group) and B8 Ventures.
The company intends to use the funds to enhance go-to-market capability, deepen technology and research capability.
Led by Oz Alashe MBE, former UK Special Forces Lieutenant Colonel and the CEO and founder, CybSafe uses audit data from multiple systems (such as Gsuite & Azure) to help manage human cyber risk and supports their work towards the prediction of human risk before it materialises. The platform tracks and measures security behaviour to improve security controls and awareness activities. It also delivers instant, personalised support for users, is available in 9 languages and used by over 350 organisations in 15 countries. The company is focused on expanding its enterprise and mid-market client base and seeks to build on an already impressive customer list that includes Credit Suisse, Air Canada, HSBC and NHS Trusts.