KnowBe4 is market leading comoany which provides the world’s largest security awareness training and simulated phishing platform. Recently it announced that they will receive $300 Million from leading global investment firm KKR & with the major participation from existing investors Elephant and TenEleven Ventures.
This new infusion of funds, valuing the company at $1 billion, is expected to be used for global growth initiatives and platform development.
“We built KnowBe4 to serve an important market need and it’s very, very gratifying to have reached this milestone as evidence that we’re doing what we set out to do,” said Stu Sjouwerman. “Threats like phishing, ransomware and other forms of social engineering continue to plague organizations of all sizes, meaning the market for our security awareness training is growing at a rapid pace. The relationship we started with KKR earlier this year has been fruitful for both of us. This new round enables KnowBe4 to continue to focus on helping our clients build a human shield against cyber threats, while also accelerating KnowBe4’s roll out in new markets to help more companies around the globe.”
- Industry: Cyber Security
- CEO: Stu Sjouwerman
- Funding: $300 Million
- Investors: KKR, Elephant & TenEleven Ventures
Follow the author on Intagram: @devil_divyu