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
- 500k Impacted by Data Breach at Debt Buyer NCB
- Chinese Cyberspies Use ‘Melofee’ Linux Malware for Stealthy Attacks
- Microsoft Cloud Vulnerability Led to Bing Search Hijacking, Exposure of Office 365 Data
- OpenAI Patches Account Takeover Vulnerabilities in ChatGPT
- New Wi-Fi Attack Allows Traffic Interception, Security Bypass
- Casino Giant Crown Resorts Investigating Ransomware Group’s Data Theft Claims
- Over 200 Organizations Targeted in Chinese Cyberespionage Campaign
- Nigerian BEC Scammer Sentenced to Prison in US
Latest News
- Anti-Bot Software Firm DataDome Banks $42M Financing
- Unpatched Security Flaws Expose Water Pump Controllers to Remote Hacker Attacks
- 500k Impacted by Data Breach at Debt Buyer NCB
- Chinese Cyberspies Use ‘Melofee’ Linux Malware for Stealthy Attacks
- Why Endpoint Resilience Matters
- Microsoft Cloud Vulnerability Led to Bing Search Hijacking, Exposure of Office 365 Data
- 3CX Confirms Supply Chain Attack as Researchers Uncover Mac Component
- UK Introduces Mass Surveillance With Online Safety Bill
