Living Security has closed a $14 Million Series B round to continue its expansion beyond cybersecurity awareness training and further develop its human risk management platform.
The investment was led by Updata Partners and includes previous investors Silverton Partners, Active Capital, Rain Capital and SaaS Venture Partners. Jon Seeber, General Partner at Updata, will join the Living Security board of directors as part of the deal.
Living Security plans to use the new funding to rapidly expand market share in the human risk and awareness category.
“During the last three years, Living Security revolutionized security awareness training programs that were boring, ineffective and implemented just to meet minimal compliance requirements,” said Ashley Rose, CEO and co-founder of Living Security. “Now, we are leading the charge to use behavioral data and analytics to measure and manage human risk. At the same time, we can deliver powerful insights to senior leaders and board members, and provide predictive interventions to employees. Our goal is to transform people from risks to assets in the defense against cyber attacks.”
This investment comes less than a year after Living Security raised a $5 million Series A round to strengthen its interactive cybersecurity training platform. More than 100 enterprises rely on Living Security’s platform, including CVS Health, MasterCard, Verizon, MassMutual, Biogen, AmerisourceBergen, Hewlett Packard, JP Morgan and Target.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.