Cybersecurity training platform Hoxhunt, Finland’s fastest-growing SaaS company according to Deloitte, has raised $40 million in a Series B round led by New York-based Level Equity Management.
Cybersecurity training platform Hoxhunt, Finland’s fastest-growing SaaS company according to Deloitte, has raised $40 million in a Series B round led by New York-based Level Equity Management.
Existing investor Icebreaker.vc also participated in the round.
The new funding will aid the development of Hoxhunt’s technology and accelerate growth in new markets, particularly North America.
Hoxhunt’s gamified platform rewards employees for reporting simulated and real email threats, using machine learning to create millions of individualised phishing simulations. Hoxhunt lightens the load for security teams who, aided by an elite customer success team, can upskill whole organisations with unprecedented engagement rates at the push of a button.
