CybSafe raises $7.9M Series A led by IQ Capital for its ‘behavioral’ cybersecurity platform


Cybersecurity startup CybSafe, a ‘behavioral security’ platform, has raised $7.9 million in a Series A funding round led by IQ Capital with participation from Hanover Digital Investments (HDI) GmbH and B8 Ventures. The investment round will be used to focus on expanding its enterprise and mid-market client base. CybSafe is a SaaS product with a per-user-based, subscription licensing model.

As most people in tech know, the big concern with security isn’t so much the system as the people. Indeed, 90% of UK data breaches are generally due to human error, for instance.

CybSafe’s ‘behavior-led’ platform manages these people-related security risks using behavioral science and data analytics by delivering personalized cyber support for users. The company already has 350 clients in 15 countries, including Credit Suisse, Air Canada, HSBC and NHS Trusts.

Launched in 2017, the company was founded by cyber resilience and intelligence expert, Oz Alashe MBE, a former Lieutenant Colonel in the British Army and UK Special Forces who was the first black officer to serve in the Parachute Regiment and UK Special Forces. The team includes former UK Government cybersecurity specialists, behavioral scientists, data scientists, and software engineers.

Business people working on a laptop

Alashe says the platform helps users develop security skills and habits through “accredited microlearning content, adaptive support material, and personalized nudges. The combination of contextualized, just-in-time, and on-demand content ensures people get the help they need. They get it whenever they need it. And they get it in the way that is most likely to help them.” The platform is available in 9 different languages.

CybSafe is delivered via a mobile application or within a browser, showing ‘bite-sized’ guidance, alerts, and notifications.

CybSafe’s competitors include KnowBe4, Wombat Security and Infosec, but Alashe says CybSafe’s strength is that it addresses security awareness for the average person: “Security awareness is dead. It’s ineffective. It’s inefficient. And it’s broken. CybSafe uses behavioral science and data analysis to deliver security behavior interventions that work. It has efficacy rates of over 90% for some behaviors to prove it.”

The team includes Jonathan Webster, CTO who previously worked on Her Majesty’s Government Digital Services; Dr John Blythe, Head of Behavioural Science, and a Chartered Psychologist with the British Psychological Society.


Like it? Share with your friends!

What's Your Reaction?

hate hate
0
hate
confused confused
0
confused
fail fail
0
fail
fun fun
0
fun
geeky geeky
0
geeky
love love
0
love
lol lol
0
lol
omg omg
0
omg
win win
0
win

0 Comments

Your email address will not be published. Required fields are marked *

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format
Send this to a friend