Cyberbit, a leading provider of cybersecurity skill development platforms, announced a new round of funding from existing investors, including Charlesbank Capital Partners, an established middle-market private investment firm. This transaction, which recapitalizes the company under solely North American ownership and control, will provide significant capital for future acquisitions, expansion, and product development.
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With these significant initiatives, coupled with new funding, Cyberbit is well-positioned to accelerate its growth in North America as well as in additional growth markets including Europe, the Middle East, and Indo-Pacific regions.
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“Throughout 2024, we have taken several strategic actions to realign our organization with key markets in North America and globally,” said Mr. Barlow, CEO of Cyberbit. “With new funding and 100% North American ownership, we are now positioned to focus on growth and expansion into new geographies, as we fulfill our mission of delivering hyper-realistic experiences that build elite cybersecurity teams.”
Cyberbit is used by leading organizations around the world including Fortune 500 organizations, MSSPs, governments, and academic institutions to transform their cyber practitioners into elite cyber defenders. Organizations use Cyberbit to create a better SOC team by upskilling their cyber professionals, validating incoming candidate skillsets, rapidly onboarding new hires, and validating incident response playbooks. Cyberbit delivers over now million hours of training annually across 5 continents.
“We are thrilled to support Cyberbit in this new growth chapter,” said Darren Battistoni, Managing Director of Charlesbank Capital Partners and Chairman of the Board of Directors at Cyberbit. “As the threat of cyberattacks on organizations continues to escalate, this new capital will allow Cyberbit to meet the growing demand for its services and widen its expansion across U.S and allied governments.”
To address this issue, Cyberbit developed the first-ever hyper-realistic cyber skilling platform, ensuring professionals have the right knowledge, skills, and experience to excel. The Cyberbit Skills Development platform includes cyber labs, commercial tool training (Splunk, Palo Alto Networks, Checkpoint, Carbon Black & more) with attacker context, and live-fire cyber range exercises aligned to industry best standards (NICE Framework, MITRE ATT&CK, NIST) to ensure your team develops into top-tier cybersecurity professionals.
About Cyberbit Inc.
Cyberbit was founded in 2015 to address an acute issue: Cybersecurity teams are not prepared to deal with cyberattacks. Conventional training forces teams to learn on the job with no clear measurement of progress and very real repercussions. With disproportionally large investments into cybersecurity tools, cybersecurity teams lack the knowledge, skills, and experience to effectively deploy their toolsets, leading to a continued increase in breaches, regardless of technology investments.
