Goldman Sachs leads $8M round in cyber security skills platform Immersive Labs
Immersive Labs, a cyber security skills platform founded by James Hadley, who used to be a researcher at GCHQ, has raised $8 million in Series A funding. Leading the round is Goldman Sachs, with participation from a number of unnamed private investors.
Operating in the cyber security training space, Immersive Labs helps enterprise IT and other cyber security teams acquire the latest security skills by combining up to date threat data with what is describes as “gamified” learning. This sees the startup use real-time feeds of the latest attack techniques, hacker psychology and technological vulnerabilities to quickly create “cyber wargames” for IT and security teams to learn from.
The idea is that the platform can up-skill people within hours of a threat emerging, in addition to being used more generally to help identify and remedy less immediate weaknesses in a company’s cyber security team.
“First, there is a big picture problem that the world is crying out for cyber security talent and is currently struggling to fill that gap,” Immersive Labs founder and CEO James Hadley tells me. “Secondly, the way that cyber skills are being taught is massively obsolete and puts the companies they work for at risk. On many occasions, what is taught is out of date before people leave the classroom”.
The inspiration for Immersive Labs was born out of Hadley’s experience running a summer school at GCHQ. It was while running the course that he came to the realisation that “passive classroom-based learning doesn’t suit the people, or pace, of cyber security”.
“Not only does the content date quickly, but the lack of challenge is just not enough for the curious and creative minds required to be good in cyber. You cant dictate, they have to teach themselves through exploration,” he says.
“We let technical and security teams learn cyber skills like an attacker, allowing them to keep pace by combining breaking threat data with short browser-based wargames. This takes the form of a series of stories that encourage people to research, analyse and build their own attacks and solutions. Whilst doing this, they learn in a fun and compelling way”.
To that end, Immersive Labs says its Series A funding will be used to grow its offering for enterprise IT and cyber security teams. This will include investing in headcount and infrastructure to develop the platform further, and to support the company’s go-to-market strategy. Current clients include global corporates with complex cyber security needs, such as BAE Systems, Sophos and Grant Thornton.