Home » Germany’s SoSafe raises $73M Series B led by Highland to tackle human mistake in cyber – TechCrunch

Germany’s SoSafe raises $73M Series B led by Highland to tackle human mistake in cyber – TechCrunch

Germany’s SoSafe raises $73M Series B led by Highland to address human error in cyber – TechCrunch

As we have realized in the very last number of many years, “human error”-led cybersecurity breaches are the types businesses usually locate hardest to guard versus. Surveys advise some 85% of assaults can be traced back again to the human issue. Thus startups developed to alleviate this hole — these kinds of as the U.K.’s Cybsafe, which raised $7-9 million previous yr — are proliferating. Addressing human habits is obviously 1 of the most popular new areas for cyber.

The latest to scale up in this room is SoSafe. The Cologne-based cybersecurity awareness and testing system has now elevated a $73 million Series B funding round led by development-funds fund Highland Europe.

Present buyers Acton Money and World Founders Funds were joined by SAP Hybris founder and Celonis Advisory Board member Carsten Thoma, jointly with La Famiglia as perfectly as Alter founder Christian Henschel as contributors.

SoSafe competes with platforms like Knowbe4 (that went general public in 2021) and Cofense, which has elevated $58 million to date.

SoSafe claims it takes a user-centered technique to cybersecurity, making use of insights from behavioral science to nudge end users in the appropriate, and safer, path, employing gamified methods to educate end-people what to glance out for in a cyber assault.

It now has additional than 1,500 customers, which include Aldi, Ceconomy AG, Taylor Wessing, Vattenfall and Valtech.

Dr. Niklas Hellemann, co-founder and taking care of director of SoSafe, said: “Challenging the existing paradigms in security recognition and human threat management, we have viewed great adoption of our system and remarkable progress.”

Guide investor Highland Europe has earlier backed safety organizations this kind of as Malwarebytes, Cobalt and ActiveFence.

Gajan Rajanathan, husband or wife at Highland Europe, reported: “SoSafe’s founders have crafted a reliable cybersecurity awareness and screening system, underpinned by behavioral analytics and human threat scoring that sustainably guards the most important threat surface area in cybersecurity — human protection breaches. They have rapidly emerged as just one of the major software scale-ups, dealing with outstanding momentum in a small period of time of time.”