Q1. Immersive Labs recently became one of the first cyber skills training companies to integrate its platform with MITRE's ATT&CK framework. What prompted that move? How does it benefit your customers?
By integrating our platform with the MITRE ATT&CK framework we were able to provide labs based on the latest tactics and techniques that cybercriminals use.
Many organizations already use the framework to map their surface of attack, and by including it within our platform we enable security leaders to easily track their security team's skills. This means organizations can identify weaknesses within their team and dedicate more resources to upskilling those areas, making Immersive Labs an invaluable planning, reporting and forecasting tool for security and risk.
One of the most important elements of cybersecurity is people, as they are the first line of defense when it comes to stopping threats. However, until now it has been incredibly difficult for managers to track their people's skills. We have made this possible, and because Immersive Labs is available 24/7 — unlike traditional training methods — managers have an almost real-time ability to track their team's strengths and weaknesses.
Q2. Earlier this year Immersive Labs received $8 million in funding led by Goldman Sachs and you just announced Series B funding for $40 million. How is the funding being used?
Since the funding round we've focused on building out our platform and hiring the right people. One example is the integration of the MITRE ATT&CK platform, but we also worked with Digital Shadows to deploy real-time threat intelligence into the platform. We've been expanding our employee base to ensure we have the best talent around, too. Since the funding we have achieved 750% year-on-year growth, hired our 100th employee, and opened our North American HQ in Boston.
We want to ensure we are in the best possible place to help companies keep their security teams current with the latest threats. We have been able to attend global events, which are helping us put our brand in front of some of the biggest names around, including Citi, Bank of Montreal, BT and the Met Police. We have also just closed our $40m Series B round, which is going to be used to help fuel our expansion into the US.
Q3. Immersive Labs has positioned itself as offering an approach to cybersecurity training that is different from what others in this space offer. What do you want organizations at Black Hat Europe 2019 to know about the company and its approach?
Our labs enable anyone from specialist teams to everyday employees to experience real-world security situations. These help users to understand how attacks work but in a secure environment. They can test anything from how to avoid phishing attempts all the way to reverse engineering malware. By integrating Digital Shadows' data, we can use the latest malware in training exercises for cyber professionals. These skills are vital in defending companies against modern day threats.
Traditional cyber training is not enough to help combat the skills gap and the modern threats that we face. We believe that our approach can help solve both issues. Our platform opens a path to a career in cybersecurity to those who traditionally have been overlooked. For example, there are plenty of people who aren't able to attend university for whatever reason but have exactly the skills that you need as a cyber professional. You only need to look at the current state of the cybersecurity industry to realize that we need to innovate. It is clearly not suited to the fast-paced world of today, and our method can help change this.
The industry has been crying out for a new way to train security personnel. That is why we have achieved 750% year-on-year growth and now work with more than 100 organizations, including BT, Bank of Montreal, Citi Bank and Goldman Sachs.