Riot Security Inc., a Paris-based startup focused on improving the cybersecurity posture of enterprise employees, has raised $30 million in a Series B funding round. The round was led by Left Lane Capital, with participation from existing investors Y Combinator, Base10, and FundersClub. This latest funding values Riot at $170 million.
Founded to combat the increasing threat of cyberattacks targeting employees, Riot provides a comprehensive cybersecurity platform with four main features. The first is a tool that sends simulated phishing emails to employees to identify potential vulnerabilities. It includes over 400 phishing email templates and spoofed domains that mimic legitimate websites.
An analytics dashboard offers detailed insights into employee responses, such as login credentials submitted and response times, and highlights weak passwords entered by employees. Riot also provides a three-minute training course specifically focused on phishing threats to educate employees about cybersecurity risks.
Riot boosts cybersecurity with Series B
Another key component of the platform is a chatbot named Albert, which offers cybersecurity explanations and suggests account settings changes to improve security. The platform also includes tools to detect when employee data is leaked online due to cyberattacks and to report malicious emails to the IT team. Administrators can review these reports through a centralized interface and block the malicious domains.
Benjamin Netter, co-founder and CEO of Riot, said, “Hackers are leveraging the latest innovations in artificial intelligence to create extremely targeted and sophisticated attacks capable of deceiving the most vigilant employees. Our goal with Riot is to protect more than 10 million employees by 2027.”
Riot’s platform currently protects about 1 million workers across more than 1,500 companies, including high-profile clients like Mistral AI and Y Combinator. The company reported annual revenue exceeding $10 million last year.
The new capital will be used to double the company’s headcount within the next 12 months. Riot also plans to open two new international offices and accelerate the development of new features, including advanced cybersecurity training capabilities and enhancements to its phishing simulation tool.
