Riot Secures $30 Million to Boost Cybersecurity for Employees

Riot, a French cybersecurity startup, has successfully raised $30 million in a Series B funding round led by Left Lane Capital. Existing investors Y Combinator, Base10, and FundersClub also participated in this round. The funding comes as Riot reaches an annual revenue of $10 million in 2024 and a post-money valuation of over $170 million. Originally focused on educational initiatives, such as simulated phishing attacks, Riot has expanded its solutions to include an Employee Security Posture Management platform. This new platform is intended to actively manage security at the employee level by automatically analyzing security postures and encouraging employees to adopt more secure practices. Riot aims to address the rising issue of cyber incidents and improve employees' cyber hygiene across personal and professional digital landscapes. With one million employees across 1,500 companies already engaged, the company plans to use the fresh funding to expand its product offerings, open new offices, and bolster its client base globally.