Immersive Labs: Raised $40m in Series B funding

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Immersive Labs: Raised $40m in Series B funding

Immersive Labs: Raised $40m in Series B funding

  • The company’s second round of funding this year following an $8M Series A in January
  • The platform also aims to help users better understand cybersecurity threats
  • It creates knowledge gaps that increase risk, offer vulnerabilities and present opportunities for attackers
  • The company said it will use the round to expand further into the U.S. and Canadian markets
  • Immersive already has big customers to its name, including Bank of Montreal and Citigroup, on top of its U.K. customers
  • Immersive said it has 750% year-over-year growth in annual recurring revenues