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DarkTrace rival Immersive Labs raises £52.99M to fuel global expansion, enhance cyber risk mitigation and more

Immersive Labs cover
Image credits: Immersive Labs

Considering some recent events, cybersecurity was again a hot topic in the news. With cyber attacks being a common threat, Companies should be keen to invest in services that can help mitigate risks and/or train their employees for managing cyber threats effectively. This is where companies like Immersive Labs come in. The Bristol-based cybersecurity startup and DarkTrace rival has raised  £52.99 million in its series C funding to offer better services to its clients and expand globally. 

Big names back Immersive Labs

The funding round for Immersive Labs was led by Insight Partners, alongside Menlo Ventures,Citi Ventures and existing investor Goldman Sachs Asset Management. The company’s CEO James Hadley tells UKTN how they intend to utilise the fresh raise. 

“The capital will be used primarily for two things. First, to build the next generation of our platform which enables capture and analysis of richer data on skills capabilities. Second, we will be investing in greater global expansion, increasing headcount in go-to-market teams in existing regions, as well as expanding into new territories such as APAC,” Hadley reveals. ...