The investment, which brings the total raised by the company to $189 million, was led by Ten Eleven Ventures, with participation from existing investors Goldman Sachs Asset Management, Summit Partners, Insight Partners, Menlo Ventures, and Citi Ventures.
The money will be used to accelerate growth and enhance the company’s Cyber Workforce Resilience platform, which enables organizations to continuously assess and improve the resilience of their workforce, including development teams and executives.
The company provides realistic simulations and hands-on exercises that measure readiness and help demonstrate the customer’s resilience.
Immersive Labs also announced appointing Sandra McDevitt as chief human resources officer (CHRO) and Lucian Lui as chief marketing officer (CMO). Ten Eleven general partner Dave Palmer will join the company’s board.
“Attracting new investment during a difficult time overall for the tech sector underscores the incredible demand for Immersive Labs’ disruptive, people-centric approach to cybersecurity,” said James Hadley, CEO of Immersive Labs. “Proving cyber resilience has increasingly become a Board and C-level consideration.”