Hack The Box, a gamified continuous cybersecurity upskilling and talent assessment platform, has raised $55M in a Series B funding led by Carlyle, alongside Paladin Capital Group, Osage University Partners, Marathon Venture Capital, Brighteye Ventures, and Endeavor Catalyst Fund. With a total of $70M raised, Hack The Box aims to expand its “gamer-first” solutions portfolio, improve its go-to-market function, and make significant R&D investments to keep up with the changing cyber technology and threat landscape. The platform boasts 1.7M users, made up of businesses, universities, governments, and individuals, and has a superior 360-degree platform that enables its users to improve their offensive and defensive security capabilities, address the critical talent shortage in the sector, and access job opportunities in cybersecurity.
Hack The Box, a gamified continuous cybersecurity upskilling and talent assessment platform, has raised $55M in a Series B funding round led by Carlyle, alongside Paladin Capital Group, Osage University Partners, Marathon Venture Capital, Brighteye Ventures, and Endeavor Catalyst Fund. With this funding, Hack The Box aims to expand its “gamer-first” solutions portfolio and improve its go-to-market function, doubling down on the company’s ongoing international expansion, which has seen strong commercial traction in the United States, Europe, and Asia.
Hack The Box aims to quicken its growth trajectory with a focus on expanding its “gamer-first” solutions portfolio, which the company already leads the market in, and improve its go-to-market function with the $55M Series B funding led by Carlyle, alongside Paladin Capital Group, Osage University Partners, Marathon Venture Capital, Brighteye Ventures, and Endeavor Catalyst Fund. The company will also continue making significant R&D investments to keep up with the rapidly changing cyber technology and threat landscape. The platform boasts 1.7M users, made up of businesses, universities, governments, and individuals, and has a superior 360-degree platform that enables its users to improve their offensive and defensive security capabilities, address the critical talent shortage in the sector, and access job opportunities in cybersecurity.
Hack The Box was founded in 2017 by Aris Zikopoulos, Haris Pylarinos, James Hooke, and provides a 360-degree platform that enables people, companies, government agencies, and universities to improve their offensive and defensive security capabilities. With the aim to address the critical talent shortage in the sector, the platform also gives access to job opportunities in cybersecurity. The platform has more than 180 employees worldwide, with half of the team members based in Greece, and the rest across the world, representing over 20 different ethnic groups and over 20 countries. Of the 180 people working for HTB, 22% are female, 76% are male, and 2% are not specified. The platform immerses its users in learning environments built around gamification, simulations with avatars, and narrative scenarios that mimic old-school cyberhacks of varying levels of sophistication.
Hack The Box’s CEO, Haris Pylarinos, highlights that the company’s mission is to create and connect cyber-ready humans and organizations through highly engaging hacking experiences that cultivate out-of-the-box thinking. With the increasing and evolving wave of sophisticated attacks, a new proactive offensive and defensive approach is needed to take the fight to cybercriminals, and the platform aims to cultivate a ‘hacker mindset’ to achieve this.
