Venture capital investors are doubling down on investments in Cybrary, betting another $25 million that the Maryland startup is on the right track with a technology platform to train the global cybersecurity workforce.
Cybrary, which sells access to a platform focused on cybersecurity workforce education and training, said the $25 million Series B round was led by its current investors BuildGroup and Gula Tech Adventures.
This latest investment brings Cybrary’s total funding to date to $48 million, following its $15 million Series B round announced in November 2019. The company also announced that Mandiant chief executive Kevin Mandia will join its board of directors.
Cybrary, based in College Park, Md., said the new funding will be used on research and development efforts across its engineering, product, and marketing teams.
[ Read: Is the ‘Great Resignation’ Impacting Cybersecurity? ]
The new financing will help provide a longer runway for Cybrary in a highly competitive market for online training and workforce education products.
Cybrary says it has 2.5 million registered users and more than 1,000 expert contributors on a subscription platform that helps companies diagnose cybersecurity skill gaps and pinpoint the kinds of classes needed for employees.
The Cybrary platform includes tools for hands-on virtual labs, curated training plans that align with industry standards like the MITRE ATT&CK and NIST’s NICE Framework, integrations with corporate learning management systems, and customized visibility into a team’s strengths and weaknesses.
Related: New CISA Boss Calls Attention to Cybersecurity Skills Shortage
Related: Predictions for 2022: The ‘Great Resignation’ Hits Cybersecurity
Related: Research Shows Mismanagement Driving Cybersecurity Skills Gap
