CultureAI funding news – Manchester-based CultureAI Secures €9.1 Million in Series A Round Funding

As sporadic security training doesn't alter employee behaviour, Forrester projects that 90% of data breaches in 2024 will be the result of human mistake, despite the fact that many businesses have spent extensively in awareness and training programmes over the years.

With a revolutionary Human Risk Management Platform that enables organisations to discover workforce security concerns, teach employees in the moment, and automate repairs, CultureAI employs a data-driven approach to help them monitor, minimise, and manage human cyber risk.

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CultureAI has had quick acceptance of its human risk management product with notable increase in revenue and clients, including Revolut, RAC, Wickes, Delivery Hero, ClearBank, and Marie Curie, following seed rounds of $4 million in 2021 and $5 million in 2023.

This most recent investment will help CultureAI fulfil its ongoing goal of improving how businesses identify and handle cyber hazards in a changing environment, which is fueled by the increasing use of generative AI, SaaS apps, and collaboration tools.

James Moore, founder and CEO of CultureAI, said: “Imagine having a team of thousands who deeply understand your business and its employees. If this team could review, understand, and fix risks generated by each employee at source, breaches could be reduced by around 80%. While it’s impractical to build such a team, we can emulate its effectiveness using intelligent technology.”

CultureAI is committed to creating a future in which security vulnerabilities are not caused by human error. In order to achieve this goal, the company plans to quadruple personnel over the next 12 months by expanding its staff across all areas and investing heavily in the product's expansion. It also intends to expand its market reach and visibility in the United States.

Adam Lovell, Investor at Mercia Ventures, commented: “CultureAI is at the forefront of developments in the emerging field of human risk management. With a deep understanding of the challenges that companies face, James and his team have developed a holistic solution that can secure businesses against a wide range of cyber threats. We believe the company is poised to achieve break-out growth. The funding will help it to further target a global audience and establish itself as a market leader.”

Joe Knowles, Partner at Smedvig Ventures, added: “It is widely accepted that human error is the most prevalent vector for cyber-attacks and is poorly protected against by ineffective training programmes. Advanced analytics applied to real-time behavioural data presents an original approach for CISOs to control human cyber risk. CultureAI is pioneering this with its market-leading software, offering immediate visibility and mitigation of vulnerabilities. James has an incredible reputation as a thought leader in the space and we are excited to partner with him and his team alongside Mercia Ventures.”

About CultureAI

CultureAI’s innovative Human Risk Management Platform empowers you to identify workforce security risks, coach employees in the moment, and automate fixes. Strengthen resilience against phishing, improve SaaS security, reduce data loss through generative AI, and more. They help security teams identify and manage their most prominent employee security risks in one comprehensive platform.