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Riot raises $30 million for its cybersecurity product suite focused on employees
Feb 4, 2025
Riot has successfully raised $30 million to advance its innovative approach to employee cybersecurity. After achieving $10 million in annual revenue, they aim to shift from mere education to actively nudging employees towards better security practices. This new funding will help develop a comprehensive platform designed to minimize potential vulnerabilities in the workplace, making cybersecurity a shared responsibility among all employees.
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Quick takeaways
- Riot has raised $30 million for its proactive approach to cybersecurity, focusing on minimizing employee attack surfaces and enhancing security practices.
- The startup's innovative 'Karma score' system gamifies security training, encouraging better cybersecurity habits among employees across 1,500 companies.
Deep dives
Riot's Growth and New Funding
Riot, a French startup, has successfully raised $30 million in a Series B funding round, driven by its rapid growth to $10 million in annual revenue in 2024. The company's valuation has surpassed $170 million following this funding, supported by existing investors like Y Combinator and Funders Club. Initially focused on cybersecurity education through fake phishing campaigns to raise awareness among employees, Riot aims to take a more proactive role in minimizing cybersecurity risks. The startup currently engages with 1 million employees across 1,500 companies, highlighting a significant increase from just 100,000 employees a couple of years ago.
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