French Startup Riot achieved $ 10 million in 2024, and raised a $ 30 million series B round. Originally, we focused on educating employees on the risk of cyber security, but the company hopes that the employees will go further to minimize the attack surface.
The Lane Capital on the left leads today's round, where existing investor Y combinator, Base10, and FundersClub are again participating. Riot's has reached the north of $ 170 million, following the Series B round, as TechCrunch learned.
RIOT originally started with a fake fishing campaign. Employees regularly receive emails that look like an actual email. However, they are designed to deceive employees and click the link to enter personal information.
As a result, employees learn that they should be more suspicious of the entry email. As time passes, the company has added other educational content with a friendly security chatbot called Albert. You can access the Slack team and the Microsoft team.
RIOT is currently working well with 1,500 employees of 1,500 companies, so this strategy has been working well. Clients include L'Occitane, Deel, Intercom, and Le Monde. (A few years ago, RIOT worked only with 100,000 employees.)
Nevertheless, the cyber incident still has a wide range of results. A recent example is a change in healthcare data infringement, which affected 190 million Americans and started with consumer services compromised qualifications. Employees reused the same password in their personal account and changed the healthcare Citrix portal. Citrix had no multi -factor authentication.
Therefore, RIOT wants to grow beyond employee education. “Our job is to look at the employee's attitude. Do you activate multi -factor authentication? Do they have a safe code on your smartphone? Linkedin's privacy settings are not allowed very much. Riot's founder and CEO Benjamin Netter, the founder and CEO of RIOT, who can generally make their lives more difficult, can be introduced.
RIOT is called the employee's security posture management platform. It will be a central cockpit to manage security at the employee level. There are many posture management solutions, but RIOT believes that employees have been ignored for too long.
This is where the company's pitch deck is suitable for cyber security conditions.
“What we create on the platform is to automatically analyze employee security … and we give it a score that calls it a karma score. I said.
After that, RIOT makes fine adjustments to the employee to change the settings here, where the multi -factor authentication is active. “It's a small thing you can, it takes a few minutes, and it's basically a difficult life for hackers,” Netter added.
This is an interesting issue for riots, as employee security depends on personal devices and services cyber hygiene. Fishing campaigns are currently occurring on WhatsApp. Linkedin profiles are also widely used for social engineering attacks.
Therefore, this new security product looks like a consumer product with great animations and several gemfitations to encourage you to improve security posture.
“My long -term vision is to build an employee's security company and provide all the tools of employee security stacks, so we may make it someday -I'm stupid to you. Here's an example -it's a virus or password manager, “says Neter.
But first, in today's financing round, the company also has more cash to grow more quickly. The team plans to open new offices in other countries, expand their customer base, and develop more sophisticated products.