Manchester-based startup CultureAI has landed £7m in seed investment for its human risk management software.
Founded in 2018, the startup is used by IT workers and cybersecurity professionals to analyse behavioural data and spot risky actions that could jeopardise their company’s cyber defences.
It tracks when employees make security-compromising actions, such as repeating passwords, keeping business information on unauthorised apps and interacting with phishing attempts.
James Moore, CEO and founder of CultureAI, said: “Despite organisations investing heavily into content-based security awareness training, most security incidents are still caused by human mistakes.”
The company will use the seed funding to expand internationally and double its current headcount of 35.
“IT and security teams use our platform to surface behavioural data, spot these mistakes and empower employees to resolve them,” added Moore.
CultureAI’s notable clients include NatWest, Three, Royal Mail and Tide.
Conviction VC, Passion Capital, Senovo, Indeed founder Paul Forster and ex-Mulesoft head of marketing Guntram Friede participated in the seed round.
Andrew Jenkins, founder and general partner at Conviction VC, said: “We’ve been hugely impressed by its growth. In less than five years, its platform has been adopted by enterprise organisations across multiple sectors and shows no signs of slowing.”
Based in Spinningfields, Manchester the startup in February added an additional office in London.