Riot funding news – Paris-based Riot Secures €28.9 Million in Series B Round Funding

The round was led by Left Lane Capital, and brings Riot’s total funding to €43.4 million. Existing investors like Y Combinator, Base10, and FundersClub also participated.

Benjamin Netter, Founder and CEO of Riot said, “Hackers are leveraging the latest innovations in artificial intelligence to create extremely targeted and sophisticated attacks capable of deceiving the most vigilant employees, We’re in a race against time to develop tools that will protect businesses from these new threats. Our goal with Riot is to protect more than ten million employees by 2027.”

It was founded in 2020 by Benjamin Netter and Louis Cibot at Y Combinator. Since then, it has grown to protect over 1,500 organizations across different industries, including Mistral AI, Y Combinator, Modern Treasury, L’Occitane, Deel, Intercom, and Le Monde. In 2024, the company reached over €9.6 million in annual revenue, continuing its strong growth.

The new funding will help Riot expand internationally. They plan to open two new offices and double their team in the next year.

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It’s platform helps cybersecurity teams in companies of all sizes improve their employees’ security, making them the first line of defense against hackers.

It explains that the rise of GenAI and the growth of publicly available digital data have made companies more worried about hackers’ new abilities. AI helps hackers create more personal and convincing attacks that trick people into sharing information.

Because of this, employees are more at risk from cyber threats, with phishing attacks increasing by 1,265% in the last two years, according to Riot.

It works by integrating into a company’s IT system to assess employees' security. It finds weak spots, like missing strong passwords, and guides employees to fix these issues before they can be exploited by hackers.

Matthew Miller, Partner at Left Lane Capital said, “As AI technology continues to mature, phishing attacks will become more sophisticated, personalized, and harder to detect. Empowering your team with the righttools and knowledge is the best defense against these evolving threats, Riot’s innovative approach focuses on employees as the first line of defense against cyber attacks. The cost of a data breach or cyberattack has significant financial and reputational implications for companies, making these training and prevention tools a necessity now more than ever.”

About Riot

Riot is the first real-time employee cybersecurity monitoring solution. The Riot platform enables cybersecurity teams in companies of all sizes to assess and improve the cyber posture of their employees, making them the first line of defense against hackers.