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Management & Strategy

Immersive Labs Raises $66 Million for Cyber Workforce Resilience Platform

UK-based cybersecurity training solutions provider Immersive Labs announced on Wednesday that it has raised $66 million in new capital.

UK-based cybersecurity training solutions provider Immersive Labs announced on Wednesday that it has raised $66 million in new capital.

The investment, which brings the total raised by the company to $189 million, was led by Ten Eleven Ventures, with participation from existing investors Goldman Sachs Asset Management, Summit Partners, Insight Partners, Menlo Ventures, and Citi Ventures.

The money will be used to accelerate growth and enhance the company’s Cyber Workforce Resilience platform, which enables organizations to continuously assess and improve the resilience of their workforce, including development teams and executives.

The company provides realistic simulations and hands-on exercises that measure readiness and help demonstrate the customer’s resilience.

Immersive Labs also announced appointing Sandra McDevitt as chief human resources officer (CHRO) and Lucian Lui as chief marketing officer (CMO). Ten Eleven general partner Dave Palmer will join the company’s board.

“Attracting new investment during a difficult time overall for the tech sector underscores the incredible demand for Immersive Labs’ disruptive, people-centric approach to cybersecurity,” said James Hadley, CEO of Immersive Labs. “Proving cyber resilience has increasingly become a Board and C-level consideration.”

Related: Immersive Labs Raises $40 Million for Cyber Skills Platform

Related: Cybersecurity Training Company Immersive Labs Raises $75 Million

Related: Cybrary Raises $25 Million to Tackle Cybersecurity Workforce Training

Related: Cybersecurity Training Firm Hoxhunt Raises $40 Million

Written By

Eduard Kovacs (@EduardKovacs) is a contributing editor at SecurityWeek. He worked as a high school IT teacher for two years before starting a career in journalism as Softpedia’s security news reporter. Eduard holds a bachelor’s degree in industrial informatics and a master’s degree in computer techniques applied in electrical engineering.

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