The company plans to use the funds to scale cybersecurity training for organizations. Here are the top-line bullets you need to know.
Immersive Labs, a cybersecurity training platform, has raised $75M in a Series C with participation from Insight Partners, Menlo Ventures, and Citi Ventures, among others.
How’s the company performing?
- United Kingdom-based Immersive Labs teaches employees cybersecurity skills in a gamified manner. The company currently has 200 employees.
- Immersive Labs customers include Airbnb, P&G, HSBC, Vodafone, and the NHS, among others.
Source: Immersive Labs
Why does the market matter?
- The global cybersecurity market is projected to grow at a CAGR of 9.4% and reach a value of $304.9B by 2027, as per Allied Market Research.
- Growing security concerns around cyber incidents affecting entire organizations and sectors are leading to greater investments in the cybersecurity space.
- Amid Covid-19, this industry gained more prominence due to the growing adoption of the remote work model.
Want to see more research? Join a demo of the CB Insights platform.
If you’re already a customer, log in here.
