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Cybrary Inc., a startup with a popular cybersecurity training platform, today announced that it has raised $25 million in funding to support growth initiatives.
The Series C funding round was led by existing Cybrary backers BuildGroup and Gula Tech Adventures. The startup has raised a total of $48 million from investors since launching in 2015.
College Park, Maryland-based Cybrary provides a training platform that enables users to learn cybersecurity skills such as how to remediate a ransomware attack. The platform provides access to a catalog of courses and other educational resources. It also offers cloud-based training environments that enable users to tackle simulated cyberattacks.
The startup offers two versions of the platform. One is designed for individuals, while the other is used by enterprise cybersecurity teams to hone their breach prevention and response skills.
The enterprise version of Cybrary’s platform includes a tool that enables companies to assess their cybersecurity teams’ familiarity with different hacking tactics. The platform can, for example, determine if a firm is not sufficiently prepared to address a ransomware attack. Companies can consult the insights surfaced by Cybrary to determine how they should prioritize internal cybersecurity training efforts.
As part of its feature set, Cybrary provides cloud-based training environments that help users learn how to detect software vulnerabilities. The platform also promises to help users learn related skills. Cybrary provides training on how to prioritize application vulnerabilities based on severity, apply patches and assess the impact of a hacking attempt.
For companies with more advanced requirements, the startup provides what it calls scenario-based training. Cybrary’s scenario-based training features enable cybersecurity personnel to train for specific breach scenarios. A software-as-a-service company, for example, could use the platform to ensure that it can effectively respond to cyberattacks that target its publicly facing cloud applications.
Cybrary’s approach is gaining significant traction. On occasion of its funding round, the startup disclosed today that its platform has helped train more than 3 million cybersecurity professionals since launch.
“Our continued investment in Cybrary is a testament to our belief in the important work they’re doing to address the current cyber skills gap and how they plan to evolve their training programs in the future,” said BuildGroup co-founder and Managing Partner Jim Curry.
Cybrary will use the new funding to support its engineering, sales and marketing efforts. The startup also plans to grow its threat intelligence group. The group helps Cybrary detect when new hacking tactics emerge and update its cybersecurity training materials accordingly.
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