Living Security, an Austin, Texas-based cybersecurity company, closed a $14M Series B funding round.
The round was led by Updata Partners with participation from previous investors Silverton Partners, Active Capital, Rain Capital and SaaS Venture Partners. Jon Seeber, General Partner at Updata, will join the Living Security board of directors as part of the deal.
The company intends to use the funds to continue its expansion beyond cybersecurity awareness training and further develop its human risk management platform, which will be released later this year, and to expand geographic reach and scale both direct and channel sales efforts.
Founded in 2017 by Ashley Rose, CEO, and Drew Rose, Chief Strategy Officer, Living Security help organizations prevent cybersecurity breaches with a human risk management platform that leverages gamified learning and immersive experiences to engage and educate users, and a science-backed, tech-enabled platform that provides CISOs the ability to measure effectiveness and program ROI.
Living Security is used by organizations like CVS Health, MasterCard, Verizon, MassMutual, Biogen, AmerisourceBergen, Hewlett Packard, JP Morgan and Target, among more than 100 enterprises.