CybSafe Raises $28M in Series B Funding


CybSafe, a London, UK-based cybersecurity software company using behavioral science and data science to transform security awareness and human cyber risk management, closed a $28m Series B funding round, taking its total funding to $40m.

The round was led by Evolution Equity Partners, with participation from Emerald Development Managers and existing investors IQ Capital and Hannover Digital Investments (HDI) GmbH.

The company intends to use the funds to accelerate its product development, it will expand its team, across all roles including cybersecurity specialists, behavioral scientists, data scientists, and software engineers. It will also focus on go-to-market activities expanding into new geographies, including the US market.

Led by Oz Alashe MBE, former UK Special Forces Lieutenant Colonel and the CEO and founder, CybSafe is a behavioral science and data analytics company that builds software to help organizations manage human cyber risk. The software platform tracks and measures security behavior to improve security controls and awareness activities. It delivers instant, personalized support for users and enables security teams to reduce risk in changing environments. CybSafe is being used by over 350 organizations, in 15 countries and is accredited by NCSC and CIISec.

Since its Series A, the company has experienced customer growth, adding key enterprise accounts to its impressive roster of customers, now including Credit Suisse, Barclays Bank, HSBC, FNZ Group and Moody’s.