CybSafe secures $28 million in Series B funding round - News

Since their Series A, they have expanded their enterprise and mid-market customer base, adding many new customers, including Credit Suisse, HSBC, FNZ Group, Barclays Bank, and Moodys.The company was set up to reform the generally accepted approach to managing human cyber risk and CybSafe does this by providing a solution that places people front and center. CybSafe leverages data and behavioral science so organizations can empower their people as cybersecurity enablers, rather than consider them problems or obstacles.Its software platform and mobile app educates, nudges and provides real-time, tailored cyber assistance for users so they can be secure in their daily digital lives. It also helps them make better security decisions, and improve the security behaviors that matter.To date, the award-winning platform has helped more than 350 organizations in 15 countries reduce their human cyber risk.CybSafes Series B round was led by Evolution Equity Partners and joined by Emerald Development Managers.CybSafe CEO and Founder Oz Alashe MBE commented on the announcement via a post on LinkedIn, saying: Were super excited to be part of the Evolution family of game-changing global tech companies. These investors and their backing is an overwhelming show of confidence in CybSafe and our vision.Im acutely aware this achievement simply wouldnt have been possible without our partners and the hard work of our remarkable tribe. Thank you, all.The investment will allow CybeSafe to focus on the acceleration of product development and international expansion, whilst continuing to empower its customers to demonstrably reduce human cyber risk within their organizations.