London-based OutThink snaps up €1.4 million to expand its human risk intelligence platform | EU-Startups
Summary
OutThink, founded in 2015, helps enterprise brands identify and understand their human risk in real time and prevent data breaches caused by employees. Customers already include a dozen large, global organisations such as Abu Dhabi Islamic Bank (ADIB) and FTSE 100 and 250 brands, such as Vodafone, Bunzl and Holland & Barrett. It will furthermore use the funds to acquire and support more enterprise customers, grow the company from 15 to 40 employees by the end of the year, and continue product development, with a focus on predictive analytics and advanced data models. “This funding will be crucial to OutThink’s continued innovation and will allow us to push on with developing the next generation of risk intelligence and people-centric security,” said Flavius Plesu, founder and CEO of OutThink. It was clear to me that cybersecurity training wasn’t working, and that none of the tools available could give me a true view of my company’s security posture, from a people perspective.