# Immersive Labs Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/immersive-labs-holdings

- Industry: Education/Training
- Headquarters: Bristol, UK
- Website: www.immersivelabs.com
- Total disclosed funding: $115M
- Latest round: Series C (May 13, 2021)
- Investors on record: 5

## About

Immersive Labs Holdings Limited specializes in cybersecurity training solutions through its innovative platform, Immersive One, which integrates practical training modules to enhance workforce resilience against cyber threats.Founded in 2016 in Bristol, UK, Immersive Labs Holdings Limited provides a platform that strengthens organizational cybersecurity preparedness. The company has successfully raised USD 66 mn in its latest funding round in October 2022, led by Ten Eleven Ventures and supported by investors including Citi Ventures and Goldman Sachs Merchant Banking Division. The firm has completed a total of 4 deals since its inception, and its CEO, James Hadley, has a strong background in tech entrepreneurship.Immersive Labs primarily offers a comprehensive platform designed to enhance cybersecurity training and resilience, known as Immersive One. This enterprise-grade platform integrates cyber drills, labs, simulations, and exercises into a unified system, enabling organizations to prepare their teams to detect, respond to, and recover from evolving cyber threats effectively. The platform features hands-on training modules, including Red and Blue Team labs, secure coding practices, and cloud security exercises, which are essential for building the necessary skills to combat sophisticated cyber attacks. Immersive Labs serves a diverse clientele that spans various sectors, including finance, healthcare, and technology, providing tailored solutions to meet the specific needs of each industry. Their products are marketed extensively in North America and Europe, where the demand for robust cybersecurity measures is critical.In the most recent financial year, Immersive Labs reported revenue of USD 42.99 mn and an EBITDA of USD -31.30 mn in 2023.Following the recent funding round on October 12, 2022, where Immersive Labs secured USD 66 mn led by Ten Eleven Ventures, the company plans to utilize these resources to further enhance its Cyber Workforce Resilience platform. This initiative includes the development of new products aimed at improving organizational cybersecurity training. Additionally, Immersive Labs is targeting expansion into new markets, particularly in North America and Europe, to broaden its reach and service more clients by the end of 2024.

## Funding rounds

- Series C, May 13, 2021, $75M — Menlo Ventures, Insight Partners, Goldman Sachs Asset Management, Citi Ventures
- Series B, Oct 22, 2019, $40M — Summit Partners, Goldman Sachs Asset Management

## Investors

- Summit Partners (https://capitalatlas.ai/funds/summit-partners) — Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B, Series C
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series C
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series C