SoSafe, a cybersecurity awareness platform, has secured $73 million in Series B funding, with plans to double its workforce to 500 this year.
The funding round was led by Highland Europe, featuring contributions from notable figures such as Carsten Thoma, founder of SAP Hybris, and Christian Henschel, CEO and co-founder of Adjust. Existing investors like Acton Capital and Global Founders Capital also participated.
SoSafe aims to utilize this funding to enhance its international presence and expand the development of its human-centric security solution, which is grounded in behavioral science. The platform incorporates gamification for end-users and offers extensive customization for administrators to monitor human-based security risks.
Gajan Rajanathan, partner at Highland Europe, stated, “SoSafe’s founders have built a trusted cybersecurity awareness and testing platform, underpinned by behavioral analytics and human risk scoring that sustainably protects the most important threat surface in cybersecurity – human security breaches.”
SoSafe is currently employed by over 1,500 organizations, including Aldi, Ceconomy AG, Taylor Wessing, Vattenfall, and Valtech.
Dr. Niklas Hellemann, co-founder and managing director of SoSafe, remarked, “Challenging the existing paradigms in security awareness and human risk management, we have seen tremendous adoption of our platform and extraordinary growth. We will now increase our international footprint further as well as advance our position as the leading second-generation security awareness and human risk platform, deeply rooted in behavioral science.”