British startup CybSafe has secured an approximate amount of €6.3 million in its Series A1 round led by deep tech investors IQ Capital, with participation from Hannover Digital Investments GmbH (HDI Group) and B8 Ventures. The new funds will be used to boost its go-to-market capability, deepen technology and research capability, and further disrupt the industry’s approach to managing human risk.
Kerry Baldwin, Managing Partner at IQ Capital, commented, “CybSafe’s data modelling of employee security behaviours and habits is game-changing. They are transforming the security industry by pioneering the use of data to address the human aspect of cybersecurity. It’s an area that has been under-served to date.”
“Leveraging proprietary and third-party data – and robust behavioural psychology – their risk-models will enable security teams to predict areas of user-related vulnerability, and the platform will deliver personalised interventions. They are at the forefront in this data space and have built one of the UK’s highest-potential cybersecurity companies. We’re excited to lead the funding round and be part of this growing movement of change-makers focused…
