Cyber Guru, a fast-growing cybersecurity awareness training platform which enables organisations to increase their resistance to cyber threats by changing employee behaviour, announced it has raised €23 million in Series B funding.
Riverside Acceleration Capital, a growth equity investment firm that specialises in partnering with B2B software companies to navigate the transition from their early scale-up phase to their rapid acceleration stage, led the round with participation from Educapital, the largest European Edtech and Future of Work focused investment fund, and existing investors Adara Ventures and P101 Ventures.
Founded in 2017, Cyber Guru has established itself as one of the fastest growing startups across Southern Europe as it delivers a comprehensive and modern security awareness training platform to security leaders of organisations of any size and vertical. Cyber Guru’s over 700 customers benefit from a complete platform to change employee behaviours, manage human risk, and achieve compliance with minimal resources.
Today, over 1 million active users in more than 90 countries are continuously trained by the platform’s automated training paths, which are based on advanced learning methodologies and powered by a proprietary AI-driven Machine Learning model.
The investment will capitalise on Cyber Guru’s leading market position by accelerating the company’s aggressive AI-driven contextual training roadmap, increasing sales and marketing resources, and expanding its Go-To-Market operations across Europe to sustain the company’s continued customer growth.
“Securing this investment from Riverside and Educapital, along with the continued support from Adara and P101, is a monumental step in our journey to scale internationally. Our mission is to improve an organisation’s resistance to cyberattacks, by transforming user behaviour. With our proprietary Machine Learning model and the use of advanced learning methodologies, we’ve built a comprehensive security awareness training platform that is effective in managing and reducing human risk, and now we are poised to take this vision worldwide,” said Gianni Baroni, CEO and founder of Cyber Guru.
“We see tremendous value in Cyber Guru’s innovative approach to cybersecurity awareness, particularly their ability to deliver strong engagement rates through AI-driven automation and adaptive learning. We believe the company’s focus on behavioural science and its exclusive Machine Learning model sets it apart in the market. Our investment reflects our confidence in their ability to become a European leader in security awareness training, while helping organisations achieve compliance and strengthen their human security posture. We’re excited to continue to support Cyber Guru as they scale their operations and accelerate Research & Development efforts,” commented Christian Stein, Partner at Riverside Acceleration Capital.
“Speaking to clients, we were impressed by Cyber Guru’s effectiveness in mitigating human risk and how well it adapts to users’ training needs. We’re proud to support Gianni and his team in their international expansion,” added Jonathan Denais, Investment Director at Educapital.
