Cybersecurity training firm Hoxhunt today announced that it has raised $40 million in Series B investment, which brings the total raised by the company to over $43 million.
The funding round was led by Level Equity Management, with participation from previous investor Icebreaker.vc.
Founded in 2016, Hoxhunt helps organizations mitigate the risk of cyberattacks with a people-first cybersecurity platform that adapts to the skill level of each employee, training them on how to recognize and respond to attacks.
The Helsinki, Finland-based Hoxhunt relies on machine learning to simulate individualized phishing messages, and offers gamified platform rewards to employees who report email threats, thus upskilling the entire organization.
Hoxhunt will use the new funds to accelerate growth in new markets, with a focus on North America.
“Email is the biggest threat to enterprise security; that’s why human nature is the most important cybersecurity challenge to solve, instead of building incrementally better mousetraps at the technical perimeter,” Hoxhunt CEO Mika Aalto commented.
Related: Email Security Firm Abnormal Security Raises $210 Million at $4 Billion Valuation
Related: Seemplicity Launches With Cybersecurity Productivity Platform, $32 Million in Funding
Related: devOcean Emerges From Stealth With Cloud-Native Security Operations Platform
Related: Application Security Firm StackHawk Bags $20.7 Million in Series B Funding
More from Ionut Arghire
- Critical Vulnerability Impacts Over 120 Lexmark Printers
- BIND Updates Patch High-Severity, Remotely Exploitable DoS Flaws
- Microsoft Urges Customers to Patch Exchange Servers
- Iranian APT Leaks Data From Saudi Arabia Government Under New Persona
- 820k Impacted by Data Breach at Zacks Investment Research
- US Government Agencies Warn of Malicious Use of Remote Management Software
- Chinese Hackers Adopting Open Source ‘SparkRAT’ Tool
- CISA Provides Resources for Securing K-12 Education System
Latest News
- Critical Vulnerability Impacts Over 120 Lexmark Printers
- BIND Updates Patch High-Severity, Remotely Exploitable DoS Flaws
- Industry Reactions to Hive Ransomware Takedown: Feedback Friday
- Microsoft Urges Customers to Patch Exchange Servers
- Iranian APT Leaks Data From Saudi Arabia Government Under New Persona
- US Reiterates $10 Million Reward Offer After Disruption of Hive Ransomware
- Cyberattacks Target Websites of German Airports, Admin
- US Infiltrates Big Ransomware Gang: ‘We Hacked the Hackers’
