Bristol software company Immersive Labs has secured $75m (£53m) in a Series C funding round.
The business, which has developed technology to help firms measure and improve cybersecurity, said it would use the cash to expand its international presence and triple its global headcount to 600 over the next two years.
The money will also be used to accelerate the delivery of the company’s new so-called ‘Cyber Workforce Optimization’ platform and establish operations in Asia and Europe.
The funding round was led by new stakeholders Insight Partners alongside Menlo Ventures, Citi Ventures and existing investor Goldman Sachs Asset Management.
As part of the transaction, Ryan Hinkle, managing director of Insight Partners, will join Immersive Lab’s board of directors.
He said the company had established a “strong position” in the fast-developing cyber skills space.
“With influential leadership, an innovative product in a growing market, and strong user engagement, the company is in a position to continue to lead the cyber readiness market,” said Mr Hinkle.
Immersive Labs, which…
