A York branch of a cyber security firm is to receive $300 million in investment following a funding round headed by private equity company, KKR.
KnowBe4 specialises in creating cyber security solutions to address the full gamut of threats online. The Florida-based firm has now put together an integrated security awareness training and simulated phishing platform that is being used by more than 25,000 organisations around the world.
Led by investment firm, KKR, KnowBe4 is now lining up for an investment of $300 million (£235.5M) which should help fuel global growth plans and platform development.
Chief executive of KnowBe4, Stu Sjouwerman, said:
“We built KnowBe4 to serve an important market need and it’s very, very gratifying to have reached this milestone as evidence that we’re doing what we set out to do.
“Threats like phishing, ransomware and other forms of social engineering continue to plague organisations of all sizes, meaning the market for our security awareness training is growing at a rapid pace.
“The relationship we started with KKR earlier this year has been fruitful for both of us. This new round enables KnowBe4 to continue to focus on helping our clients build a human shield against cyber threats, while also accelerating KnowBe4’s roll out in new markets to help more companies around the globe.”