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Dark Reading
3 years ago
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Dark Reading
Dark Reading
New York and London, January 11, 2023 - Hack The Box, a leading gamified continuous cybersecurity upskilling and talent assessment platform, today announces a Series B investment round of $55 million led by Carlyle, alongside Paladin Capital Group, Osage University Partners, Marathon Venture Capital, Brighteye Ventures, and Endeavor Catalyst Fund. Hack The Box will also enhance its go-to-market function, doubling down on the company's ongoing international expansion with strong commercial traction in the US, Europe and APAC. Hack The Box has continued to attract significant funding interest due to its highly engaging adversarial cyber up- and reskilling solutions that are powered by ultra-realistic coding gameplay and thereby effectively advance the security readiness of Hack The Box's rising number of blue-chip enterprise and government customers. Tripling in size over the last two years, Hack The Box has the largest global hacking community with more than 1.7 million platform members. With its thriving community being at the heart of the company, Hack The Box will continue to invest heavily in R&D. The company will execute against a product roadmap that entails top-notch content releases and groundbreaking features, making Hack The Box the ultimate reference point for cybersecurity professionals of all backgrounds, skill levels, and industries, allowing them to keep pace with the rapidly evolving cyber technology and threat landscape. Constantin Boye, a Director at Carlyle, comments,"The demands on security and IT professionals have never been greater. An industry-wide talent shortage and an exponentially growing number of cyber threats place great importance on professionals and organizations to maintain best-in-class security practices. Hack The Box is a pioneer in constantly providing fresh and curated training and upskilling content, in a fully gamified and intuitive environment, enabling individuals and organizations to tackle real-world hacking problems. We are excited for the next stage of Hack The Box's evolution and are proud to be part of this journey." Gibb Witham, Senior Vice President at Paladin Capital Group, adds,"With a vibrant community of 1.7 million registered security professionals and enthusiasts, Hack The Box is setting the bar for a new generation of product-led growth companies in the cybersecurity industry. We are thrilled to see Hack The Box becoming a vital partner for enterprises and governments in crafting security teams prepared for cyber attacks." This Series B funding takes Hack The Box's total amount of capital raised to date to $70 million, fortifying the company's position within the global cybersecurity ecosystem.
Graham Cluley
Microsoft's Twitter account, with its 13 million followers, was hijacked by a paperclip. There was no ransomware or data theft, just Clippy, a dodgy crypto coin, and a corporate apology that wasn't from Microsoft either. Meanwhile, UK losses from hacked email and social media accounts have rocketed by 417%, as scammers pose as your friends to flog you tickets to gigs that don't exist. Plus, Hack The Box's Christine Bartlett joins us for a featured interview to ask what happens when AI agents join your security team, and whether anyone has thought to give them a performance review.
Dark Reading
Hack The Box launches Capture The Flag competition, including offensive and defensive challenges, to unite teams as cyberattacks increase in 2023 to unprecedented levels.