Norwegian startup Pistachio today announced raising $7 million in a Series A funding round that brings the total raised by the company to $10.5 million.
The new investment round was led by Walter Ventures, with Angel Invest, Idékapital, J12 Ventures, and MP Pensjon providing additional support.
Founded in 2019, the startup has built an automated cybersecurity training platform that leverages AI to provide personalized security training and to simulate cyberattacks.
Pistachio’s platform can send the simulations and scenarios to employees via email, Microsoft Teams, or Slack, and runs in the background to help them identify and respond to threats in real time. It also observes user behavior and learning patterns and adapts the security education based on that.
The company has a presence in 16 countries, with over 600 companies using its platform to train employees. It has surpassed two million simulations per year.
Pistachio will use the fresh funding to accelerate its expansion across Europe and North America, which includes the opening of an office in Valencia this month.
“Employees remain the most significant vulnerability in enterprise security, and ineffective training leaves organizations exposed to phishing attacks, social engineering, and other cyber threats. […] With AI making it easier and cheaper to undertake social engineering attacks, we can no longer rely on ‘traditional’ security training,” Pistachio co-founder and CEO Joe Jones said.
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