Cybrary receives $25 million to develop its cybersecurity education platform

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The cybersecurity industry has taken over hit recently due to economic headwinds causing layoffs and a massive exodus of investors. But some firms have emerged unscathed, such as the cybersecurity training platform. kibrariawhich today announced it has raised $25 million in its Series C funding round. CEO Kevin Haynes told TechCrunch that the round, which brings Cybrary’s total raised to $48 million, was led by BuildGroup and Gula Tech Adventure and will target development of “content and features” on the company’s platform.

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Cybrary was launched in 2015 by co-founders Ralph Sita and Ryan Corey (Haynes became CEO a year ago). As Haynes says, their mission was to break down the barriers to entry into the cybersecurity industry by enabling emerging professionals to enter the field – regardless of their education or experience.

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“There are alleged 3.5 million unfilled cybersecurity roles Today. Research suggests The global cybersecurity workforce must grow by 65% ​​to effectively protect organizations’ critical assets.. Implementing more products and technologies won’t help organizations solve this fundamental problem,” Haynes told TechCrunch via email. “Investing in people is key to closing the cybersecurity skill gap and helping to combat rising burnout and human error. Cybersecurity professionals at every stage of their careers need an affordable and accessible learning platform to equip them with the skills and confidence to respond to threats.”

The Cybrary e-learning portal offers access to educational materials, including online courses and tools based on attacker techniques and vulnerabilities. The catalog includes events hosted by cybersecurity experts covering topics such as ethical hacking, digital forensics, web application security, and networking and operating systems.

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Haynes argues that Cybrary is a more affordable alternative to face-to-face training courses and other cybersecurity e-learning platforms on the market. The Pro plan, which includes certification prep, labs, and hands-on assessments, starts at $59. While some might argue that Cybrary isn’t as comprehensive as an intensive week-long training course, it’s really a fraction of the cost – most cybersecurity training courses cost thousands of dollars on average.

“Decision makers should assess the greatest risk they can mitigate with the next dollars they spend and consider educating their team,” Haynes said. “Globally, 80% of organizations suffered from one or more breaches that they could attribute to a lack of cybersecurity skills and awareness.. Therefore, leaders must invest in their people not only to mitigate organizational risk, but also to build the cybersecurity talent pool in their organizations.”

Cybrary, which employs 80 people, has a fairly strong market position, with more than 3.7 million users and 742 companies signed up for its Cybrary for Teams product. The startup also has a budding defense business that includes what Haynes vaguely called a “multiple” different government groups and branches of the military.

“Building our in-house expertise in cybersecurity has allowed us to create a new learning style focused on hands-on skills and understanding of real-world threats and vulnerabilities, and how to keep your organization protected,” said Haynes. “While Cybrary has historically been focused on helping people get to work and earn their core certifications, [recent] The additions to our platform allow us to support these people on their journey long after they land their first role.”


Credit: techcrunch.com /

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