The cybersecurity awareness platform, SoSafe, has received $73 million in Series B funding. The funding comes as the firm announces its intention to double their team to reach 500 in 2022. The funding was led by Highland Europe, but it also saw the participation of Christian Henschel, CEO and co-founder of Adjust and Carsten Thoma, founder of SAP Hybris and Celonis advisory board member.
Existing investors who participated in this round include Global Founders Capital and Acton Capital. SoSafe wants to use the money to speed up its presence in international markets and scales the development of its behavioral science-based, human-centric security solution.
The solution by SoSafe supplies the end-users with gamification embedded all over the platform. The administrators may also use a high degree of customization enabling the monitoring of human-based security risk.
A partner at Highland Europe, Gajan Rajanathan, stated:
“SoSafe’s founders have built a trusted cybersecurity awareness and testing platform, underpinned by behavioral analytics and human risk scoring that sustainably protects the most important threat surface in cybersecurity – human security breaches.”
SoSafe is already used by at least 1,500 organizations, including Taylor Wessing, Aldi, Ceconomy AG, Vaaltech, and Vattenfall. The co-founder and managing director of SoSafe, Dr. Niklas Hellemann, said:
“Challenging the existing paradigms in security awareness and human risk management, we have seen tremendous adoption of our platform and extraordinary growth. We will now increase our international footprint further as well as advance our position as the leading second-generation security awareness and human risk platform, deeply rooted in behavioral science.”