CultureAI, a human risk management platform, secured $10 mn in Series A funding led by Mercia Ventures and Smedvig Ventures. Investors Passion Capital and Senovo also participated.
Despite companies investing heavily in security awareness and training, Forrester predicts that human error will contribute to 90% of data breaches in 2024.
Traditional security training fails to change employee behavior effectively.
Aaron Paddison, Associate Director of Cyber Security at Peninsula Group, noted that broad-based training programs had little impact on improving security behaviors. CultureAI provided a more targeted approach, allowing real-time intervention during active risks rather than relying on forgettable training modules.
Blanket training was having very little real impact when it came to improving employee security behaviours and we wanted a more targeted solution. CultureAI has been a game-changer for us in terms of understanding what our people are doing
Aaron Paddison, Associate Director of Cyber Security at Peninsula Group
CultureAI’s platform uses a data-driven approach to monitor, reduce, and address human cyber risk. It identifies security risks among employees, provides real-time coaching, and automates corrective actions.
After raising $4 mn in seed funding in 2021 and $5 mn in 2023, CultureAI saw rapid adoption of its solutions. Their client base includes companies like Revolut, RAC, Wickes, Delivery Hero, ClearBank, and Marie Curie.
The new investment will support CultureAI’s efforts to reshape how companies manage cyber risks, particularly given the rise of SaaS applications, collaboration tools, and generative AI.
The company plans to further develop its product, expand its team, and double its workforce within a year. It also aims to strengthen its U.S. presence and enhance market visibility.
James Moore, CultureAI’s founder and CEO, explained that addressing human risk is critical for cyber security. Around 25% of employees generate cyber risks daily, from reusing passwords to misusing AI tools. Additional training won’t eliminate human error. Instead, the company focuses on detecting and automatically resolving cyber risks through targeted interventions.
Imagine having a team of thousands who deeply understand your business and its employees. If this team could review, understand, and fix risks generated by each employee at source, breaches could be reduced by around 80%
James Moore, founder and CEO of CultureAI
Adam Lovell, Investor at Mercia Ventures, highlighted CultureAI’s role in advancing human risk management. The company’s comprehensive solution addresses a wide range of cyber threats and positions it for global market leadership.
Joe Knowles, Partner at Smedvig Ventures, praised the use of advanced analytics on real-time behavioral data as a novel way for CISOs to manage human cyber risk effectively.
by Peter Sonner
