Goldman Sachs Leads $8M In Series-A For Immersive Labs

Immersive Labs, the cybersecurity skills platform company has now revealed that the Goldman Sachs has led an $8 Million investment round in the company.

In a press release which has been revealed, the Immersive labs said that the Series A investment round also included the participation from the smaller private investors. The funding will be used to expand the business, which even provides information technology and cybersecurity teams with the advanced skills by combining the threat data with the gamified learning. The funding will also be going to be used to add the employees, expand the infrastructure to develop the platform more, fund growth and develop its go to market strategy. Apart from that previously Goldman Sachs has also make a strategic investment into the Rothy's startup.

“Large organizations are facing a dual cybersecurity talent problem: not only is the number of professionals who is as of now seriously lagging but so is the pace at which their skills are developed. If you are able to hire and recruit the right people at the right time, today’s attackers move so fast that even your team may quickly fall behind,” said James Hadley, CEO of Immersive Labs, in the press release. “Our primary goal is to reduce this gap. Due to increased capital, we can help somehow more of the companies continue to upskill their cyber talent in such a way that will keeps pace with the threat landscape.”

According to the report, its immersive Labs platform relies on the real-time scenario feeds of the latest attack techniques, hacker psychology and also the latest technological vulnerability to build the cyber war-games for the security and IT teams to play and learn from. Immersive Labs claims its platform which can help the people gain skills within the hours of the threat emerging and can be used to identify and fix weaknesses in the talent pool that may be less immediate. Immersive labs said that some of its current clients include the Sophos, BAE systems, and Grant Thorton.

“Having rolled out with some of the Immersive Lab platform globally ourselves, we are aware of the benefits it brings to large organizations. Continuous training programs are critical to meeting evolving cybersecurity threats,” said Andy Ozment, Chief Information Security Officer at Goldman Sachs, in the same press release. “The Immersive platform has also helped us hone the skills of the people at the front part line of our cyber defenses and identify some of the new talent throughout the organization.”