Goldman Sachs leads $8m funding in cyber firm Immersive Labs
Immersive Labs has received a $8 million investment in a Series A led by Goldman Sachs to grow its cybersecurity skills platform.
The funding, made alongside smaller private investors, aims to boost its enterprise IT and cybersecurity teams by combining threat data with gamified learning. The firm will add people and infrastructure to develop the platform.
This joint project between the two firms has been a long time in the making.
James Hadley, CEO of Immersive Labs, says: “Large organisations are facing a dual cybersecurity talent problem; not only is the number of professionals seriously lagging but so is the pace at which their skills are developed. If you are able to recruit the right people in the first place, today’s attackers move so fast your team may quickly fall behind.”
The Immersive Labs platform uses real-time feeds of the latest attack techniques, hacker psychology and technological vulnerabilities to rapidly build cyber wargames for IT and security teams to learn from.
According to the firm, the platform can “upskill” people within hours of a threat emerging and can also be used to identify and fix less immediate weaknesses in the talent pool.
The company was founded by ex-GCHQ researcher James Hadley and has Robert Hannigan as chair of the advisory board. Current clients include global corporates, such as BAE Systems, Sophos and Grant Thornton.