Total amount raised
$189.7 Millions
Latest funding date
10/01/2022
Location
Immersive Labs has successfully raised funds through multiple rounds, with its latest being a Series C. The company is backed by notable investors, including Goldman Sachs Asset Management and Summit Partners.
Keep reading to explore the intricacies of Immersive Labs' fundraising journey and the investors backing this innovative platform.
What Is Immersive Labs?
Immersive Labs, founded by James Hadley in January 2017, is based in Bristol, United Kingdom. The company specializes in developing a platform that measures and improves cybersecurity skills across businesses.
Immersive Labs' platform immerses teams in challenges covering everything from basic cybersecurity concepts to advanced technical tools, threat hunting, and reverse-engineering malware. The content is accessible from any browser without installation, allowing users to complete objectives from anywhere and on any device.
With a workforce of 251-500 employees, Immersive Labs aims to empower businesses to continuously develop skills in various cybersecurity domains, ensuring comprehensive cyber workforce resilience.
How Much Funding Has Immersive Labs Raised?
- Pre-Seed Round
- Amount Raised: £15K
- Date: March 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their cybersecurity skills platform.
- Seed Round
- Amount Raised: $650K
- Date: May 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine their platform.
- Series A
- Amount Raised: $8M
- Date: January 2019
- Lead Investors: Goldman Sachs
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance platform capabilities.
- Series B
- Amount Raised: $40M
- Date: November 2019
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase platform adoption.
- Non-Equity Assistance
- Amount Raised: Not publicly disclosed
- Date: April 2021
- Lead Investors: Future Fifty
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To receive strategic support and resources for growth.
- Series C
- Amount Raised: $75M
- Date: June 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance the Cyber Workforce Resilience platform.
- Series C
- Amount Raised: $66M
- Date: October 2022
- Lead Investors: Ten Eleven Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and invest in the Cyber Workforce Resilience platform.
Total Amount Raised: $189M. Current Valuation: Not publicly disclosed.
Key Investors
- Ten Eleven Ventures
- Details: Ten Eleven Ventures is a venture capital firm specializing in cybersecurity investments. They led the latest $66 million funding round for Immersive Labs.
- Investment Focus Areas: Cybersecurity, digital security, related technologies.
- Notable Investments: Darktrace, Cylance, Verodin.
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm investing in growth-stage technology and software companies. They participated in multiple funding rounds for Immersive Labs.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Shopify, DocuSign.
- Summit Partners
- Details: Summit Partners is a global alternative investment firm that invests in growth equity, fixed income, and public equity opportunities. They have been involved in several funding rounds for Immersive Labs.
- Investment Focus Areas: Technology, healthcare, growth industries.
- Notable Investments: Uber, Avast, McAfee.
- Goldman Sachs
- Details: Goldman Sachs is a leading global investment banking, securities, and investment management firm. They have invested in Immersive Labs during its Series A round.
- Investment Focus Areas: Technology, finance, healthcare.
- Notable Investments: Facebook, Uber, Spotify.
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that provides capital for seed through growth technology companies. They participated in the latest funding round for Immersive Labs.
- Investment Focus Areas: Technology, life sciences.
- Notable Investments: Not publicly disclosed.
What's Next for Immersive Labs?
Immersive Labs stands at the cusp of significant growth opportunities, driven by the increasing demand for cybersecurity resilience. With a recent $66 million funding round, the company is poised to expand its Cyber Workforce Resilience platform, targeting a market projected to grow from $1.9 billion in 2022 to $12 billion by 2027. This expansion is bolstered by strategic leadership hires and partnerships with major organizations like Citi and Pfizer.
Future fundraising opportunities appear promising, given the strong backing from high-profile investors such as Ten Eleven Ventures and Goldman Sachs Asset Management. These investors' continued support suggests potential for additional investment rounds to further enhance the platform and market reach. However, Immersive Labs must navigate challenges such as maintaining a competitive edge in a rapidly evolving cybersecurity landscape and ensuring continuous innovation to meet the growing complexity of cyber threats.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Immersive Labs and gather other critical business insights.
Sign up for free and start exploring the wealth of information available at Clay.
