Manchester-based CultureAI raises €9.1 million to evolve the way organisations manage human cyber risk
Summary
This latest investment will support CultureAI’s continued mission to evolve the way organisations detect and manage cyber risks in a developing landscape, which is fuelled by the widespread adoption of SaaS apps, collaboration tools, and generative AI. Adam Lovell, Investor at Mercia Ventures, commented: “CultureAI is at the forefront of developments in the emerging field of human risk management. With a deep understanding of the challenges that companies face, James and his team have developed a holistic solution that can secure businesses against a wide range of cyber threats. The funding will help it to further target a global audience and establish itself as a market leader.” Joe Knowles, Partner at Smedvig Ventures, added: “It is widely accepted that human error is the most prevalent vector for cyber-attacks and is poorly protected against by ineffective training programmes. Advanced analytics applied to real-time behavioural data presents an original approach for CISOs to control human cyber risk.