Funding

Cyber Guru funding news – Rome-based Cyber Guru Raises €23 Million in Series B Round Funding

Oct 24, 2024 | By Kailee Rainse

Cyber Guru funding news - Rome-based Cyber Guru Raises €23 Million in Series B Round Funding

Cyber Guru is a fast-growing cybersecurity training platform has raised €23 million in Series B funding. This funding will help organizations strengthen their defenses against cyber threats by changing employee behavior.

SUMMARY

  • Cyber Guru is a fast-growing cybersecurity training platform has raised €23 million in Series B funding.
  • Cyber Guru is a leading cybersecurity awareness training platform. It helps organizations increase their resistance to cyberattacks by training employees to be the first line of defense.

Investor of this round

The funding round was led by Riverside Acceleration Capital, a firm that helps B2B software companies grow. Other investors included Educapital, which focuses on education and future work, and existing investors Adara Ventures and P101 Ventures.

Founded in 2017, Cyber Guru has quickly become a leading startup in Southern Europe. It offers a modern training platform for organizations of all sizes, helping over 700 customers change employee behaviors, manage risks, and meet compliance requirements with minimal effort.

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Currently, more than 1 million active users in over 90 countries use Cyber Guru’s automated training programs, which are designed with advanced learning methods and powered by AI.

Funding Utilisation

This new investment will help Cyber Guru enhance its training capabilities, boost sales and marketing efforts and expand its operations across Europe to support ongoing customer growth.

Gianni Baroni, CEO and founder of Cyber Guru said, “Securing this investment from Riverside and Educapital, along with the continued support from Adara and P101, is a monumental step in our journey to scale internationally. Our mission is to improve an organisation’s resistance to cyberattacks, by transforming user behaviour. With our proprietary Machine Learning model and the use of advanced learning methodologies, we’ve built a comprehensive security awareness training platform that is effective in managing and reducing human risk, and now we are poised to take this vision worldwide,”.

Christian Stein, Partner at Riverside Acceleration Capital said, “We see tremendous value in Cyber Guru’s innovative approach to cybersecurity awareness, particularly their ability to deliver strong engagement rates through AI-driven automation and adaptive learning. We believe the company’s focus on behavioural science and its exclusive Machine Learning model sets it apart in the market. Our investment reflects our confidence in their ability to become a European leader in security awareness training, while helping organisations achieve compliance and strengthen their human security posture. We’re excited to continue to support Cyber Guru as they scale their operations and accelerate Research & Development efforts,”.

Jonathan Denais, Investment Director at Educapital said, “Speaking to clients, we were impressed by Cyber Guru’s effectiveness in mitigating human risk and how well it adapts to users’ training needs. We’re proud to support Gianni and his team in their international expansion,”.

About Cyber Guru

Cyber Guru is a leading cybersecurity awareness training platform. It helps organizations increase their resistance to cyberattacks by training employees to be the first line of defense. The platform uses AI and advanced learning methods to provide engaging and effective training while minimizing disruption to productivity.

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