KnowBe4 Boosts $8 Million in Series A Funding Brought by Elephant Partners

 (Clearwater, FL) Feb 2, 2016KnowBe4 Corporation., the-leading security awareness training and integrated phishing platform busbar machine, today introduced it's closed an $8 million round of Series A funding brought by Elephant, a brand new investment capital fund co-founded by Jeremiah Daly and Warby Parker co-founder Andy Search. Daly was formerly around the board of well-known security leader Malwarebytes. The Series A financing develops with an excellent growth year for KnowBe4 that has seen annual development of over 350% and consecutive growth for any record 10 straight quarters, by having an impressive 950% rate of growth since 2011. KnowBe4 helps IT pros to handle the issue of social engineering, training customers to acknowledge warning flags, employing a robust platform of tools which allow IT to transmit simulated phishing emails to customers who are able to get immediate world-class training by famous cool hacker Kevin Mitnick. Customers may also make use of a KnowBe4-provided Outlook Phish Alert Button to transmit any suspicious email into it inside a safe manner.

This provides IT an additional human firewall layer of defense and plays a role in a powerful security culture. Because the proliferation of much talked about and harmful hacks develops, security awareness training went in the lunchroom towards the boardroom in priority, exceeding a billion in worldwide annual revenue per Gartner. KnowBe4s security behavior platform is quickly being a must have for companies. IT security spending has in the past centered on safeguarding systems and endpoint products but largely overlooked safeguarding finish customers through simulation and education, resulting in a sizable rise in harmful socially-designed attacks, stated Jeremiah Daly, partner at Elephant. We committed to KnowBe4 due to their teams unmatched expertise and powerful traction in delivering value to clients within this fast-growing market. KnowBe4s product set helps organizations greatly enhance their security posture and mitigate risk. An information security expert using more than 3 decades within the IT industry, KnowBe4s Founder and Chief executive officer, Stu Sjouwerman, was the co-founding father of Sunbelt Software, a multiple award-winning anti-adware and spyware software company which was acquired 2010. We're growing substantially and therefore are very happy to have additional funds to fuel our expansion in an faster velocity busbar bending machine, stated Sjouwerman. Outpacing innovation from cyber crooks is really a daunting task and we're dedicated to doing our part to assist our clients manage by enhancing their very own security culture with effective training, he added. Lloyds based in london believed cybercrime costs companies around $400 billion annually, an astounding amount by standard. This doesnt consider hacks and breaches which are unregulated and unreported. "People are utilized to getting a technology solution [but] social engineering bypasses all technologies, including firewalls. Technologies are critical, but we must take a look at people and procedures. Social engineering is a kind of hacking that utilizes influence tactics," stated KnowBe4s Chief Hacking Officer Kevin Mitnick.

To learn more, visit About KnowBe4 KnowBe4 may be the mobile phone industry's most widely used integrated Security Awareness Training and Simulated Phishing platform. Recognizing the human component of security had been seriously neglected, KnowBe4 was produced by two most widely known names in cybersecurity, Kevin Mitnick (the Mobile phone industry's Most Well-known Hacker), and Corporation. 500 alum serial security entrepreneur Stu Sjouwerman, to assist organizations manage the issue of social engineering tactics through new school security awareness training. Greater than 1,500 organizations use KnowBe4s platform to help keep employees alert with security surface of mind. KnowBe4 can be used across all industries, including highly controlled fields for example finance, healthcare busbar machine, energy, government and insurance. About Elephant Elephant is really a investment capital firm centered on software, internet and mobile companies disrupting industries.