Highlights:

  • This investment followed the company’s hire of Kevin Hanes as CEO in June 2021, the recruitment of four new top executives in March 2022, and the appointments of David Maynor and Chloé Messdaghi in May 2022.

Cybrary, the leading training platform for cybersecurity experts, announced a raise of USD 25 million in Series C funding led by BuildGroup and Gula Tech Adventures. This brings Cybrary’s total funding to date to USD 48 million, following its USD 15 million Series B round announced in November 2019, and will be used to support additional company growth by bolstering research and development (R&D) across its engineering, product, and marketing teams as well as continuing to grow the new CybraryThreat Intelligence Group (CTIG).

In addition, Cybrary has announced that Kevin Mandia, CEO of Mandiant, has joined its board of directors after Mandiant’s March news that the company had entered into a formal deal with Google to be bought for USD 5.4 billion. He joins firm board members Jim Curry, Ron Gula, and Ryan Kruizenga, along with Cybrary co-founder Ryan Corey and current CEO Kevin Hanes.

Since its establishment in 2015, Cybrary has been on a robust growth trajectory, with more than three million cybersecurity professionals taking their training courses and certifications to upskill themselves within the sector and assist close the ongoing cyber skills gap. This financing news follows the company’s hiring of Kevin Hanes as CEO in June 2021, the recruitment of four new executive leaders in March 2022, and the recent appointments of David Maynor and Chloé Messdaghi as Head of CTIG and Chief Impact Officer, respectively, in May 2022.

Experts’ Take

“Our continued investment in Cybrary is a testament to our belief in their important work to address the current cyber skills gap and how they plan to evolve their training programs in the future. We can’t wait to see what this next chapter holds for Cybrary and fully support Kevin and his team every step along the way,” said Jim Curry, Co-Founder and Managing Partner at BuildGroup.

“I am excited to join Cybrary’s board of directors during this exciting chapter of growth and momentum for the company. Its mission to elevate the workforce and narrow the cybersecurity skills gap is inspirational. I am looking forward to helping Cybrary have an even greater impact on elevating the workforce to defend the cyber domain better,”  said Kevin Mandia, CEO at Mandiant.

“We can’t thank BuildGroup and Gula Tech Adventures enough for their continued belief and contributions towards our mission to provide individuals, cybersecurity teams, and organizations with the knowledge, skills, and resources they need to grow careers and defend against the latest cyber threats. I’m here because we have a tremendous opportunity to make an impact on a problem that matters to millions of people, and these added resources will help us accelerate innovation that is centered around our core mission,” said Kevin Hanes, Chief Executive Officer (CEO) at Cybrary.