Hack the Box, a startup that has a gamified cybersecurity training platform has raised $55 million in Series B funding to expand its business. The platform has over 1.7 million users and includes over 1,500 enterprises, universities, governments, and other organizations that have utilized the platform for training.
Hack The Box features training and skill development on Capture the Flag, hacking, Battlegrounds (multiplayer hacking battles), advanced pentesting labs, and more.
The funding is led by Carlyle, Paladin Capital Group, Osage University Partners, Marathon Venture Capital, Brighteye Ventures, and Endeavor Catalyst Fund, according to TechCrunch and the official HTB press release.
Hack The Box has tripled in size in the last two years according to the company. Additional funding will allow the company to “invest heavily in R&D,” and “execute against a product roadmap that entails top-notch content releases and groundbreaking features.”
The platform provides “adversarial cyber up- and reskilling solutions that are powered by ultra-realistic coding gameplay and thereby effectively advance the security readiness,” according to the press release.
Constantin Boye, a director at Carlyle, commented on the funding. “Hack The Box is a pioneer in constantly providing fresh and curated training and upskilling content, in a fully gamified and intuitive environment, enabling individuals and organizations to tackle real-world hacking problems. We are excited for the next stage of Hack The Box’s evolution and are proud to be part of this journey.”
Based out of the United Kingdom, Hack The Box is not disclosing valuation at the moment.
Other similar platforms to Hack The Box for cyber training include US Cyber Games, Qwiklabs, and Pentester Academy.
