Hack The Box, a cybersecurity training startup originally from Greece, and with headquarters in Kent in England – has raised $10.6 million (nearly £7.7 million) in Series A funding recently.
Eyes to expand business
The funding round was led by Paladin Capital Group along with participation from other investors including Osage University Partners, and Brighteye Ventures and existing investors Marathon Venture Capital.
The investment will support the company’s growth as it intends to expand its presence in the US and global markets. Also, it wants to expand its product portfolio for both individuals and businesses. Hack The Box has a relentless focus on product quality and rapid innovation.
Gibb Witham, Senior Vice President, Paladin Capital Group commented, “We’re excited to be backing Hack The Box at this inflection point in their growth as organizations recognize the increasing importance of an adversarial security practice to combat constantly evolving cyber attacks.
Recent headlines show that attackers will go to any length to advance their capabilities. Hack The Box keeps enterprises and government customers up-to-date on the latest adversary methods and tradecraft so that attackers are the only ones caught unprepared.”
James Hooker, Hack The Box Co-Founder and CTO. “With this investment, our R&D function will grow 4x in the next 18 months so we can continue to define the market by introducing groundbreaking features across every single product. Our engineering team is committed to delivering the industry’s most advanced and consolidated platform, uniting the entire product portfolio of Hack The Box.”
Cybersecurity training accessible to everyone
Hack The Box was founded in 2017 by James Hooker, Aris Zikopoulos, and Haris Pylarinos to make cybersecurity training accessible to everyone. Now, Hack The Box is one of the largest hacker communities in the world with over 500,000 members in the platform from diverse IT backgrounds. Players are challenged to learn by attacking virtual vulnerable labs and fine-tune their adversarial security skills in a gamified, simulated and safe test environment.
Already, more than 800 organisations (including governments and Fortune 500 companies across every industry vertical) and 550 academic institutions from all around the world have joined the platform to level up their adversarial capabilities.
Hack The Box’s 360° product suite offers exploratory and guided training, real-time adversarial gaming, a cloud-based security OS, advanced analytics, targeted talent acquisition and assessment, and astounding community engagement. It introduces new products, including the recent Hack The Box Academy, which surpassed 250,000 visitors in its first three months. The new learning platform is driven by a promising product roadmap that entails top-notch training content releases and groundbreaking features, aiming to place Academy as the new industry standard in cybersecurity training and certification.
Aris Zikopoulos, Hack The Box Co-Founder and CCO, stated, “We are helping the world’s largest organisations be secure by having a well-trained and attack-ready cyber force. From day one, our vision has been to build a platform that turns IT professionals into cyber superheroes that know how to react when in front of any attack or vulnerability. The true hacking mindset is built with persistence and continuous self-improvement, not overnight.”
“We are delighted with our growth and community support, but we are most proud of having created a platform that turns hacking training into a true passion. Everything we do is geared around creating a safer Internet by empowering corporate teams and individuals to create resilient systems. Hack The Box is proud to train the world’s best,” stated Haris Pylarinos, Hack The Box Co-Founder and CEO.
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