CultureAI, a London, UK-based human risk management platform, has raised $10 million in Series A funding.
Investors
The round was jointly led by Mercia Ventures and Smedvig Ventures, with continued support from existing investors Passion Capital and Senovo.
Mercia Ventures is a proactive venture capital investor focused on being the first-choice partner for growth. They make equity investments of up to £10 million across all sectors, specializing in Software, Consumer, Healthcare, and Deep Tech.
Smedvig Ventures is a venture capital firm based in London, United Kingdom. The firm helps B2B tech teams scale more confidently, investing between €4-8 million in rounds of up to €20 million across Europe.
CultureAI Use of Funds
The company will use the funding to support its expansion efforts, including doubling its team size over the next year, enhancing its product offerings, and increasing its presence in the US market.
About CultureAI
CultureAI provides human risk management that leverages data-driven insights and advanced analytics. The company empowers security teams to instantly identify workforce cybersecurity risks, coach employees at the moment, and automate fixes. The CultureAI platform enables organizations to measure real-time employee behaviors and reduce and fix human cyber risks across various platforms, from email to instant messenger to SaaS apps. Trusted by leading organizations globally, CultureAI is headquartered in the UK with offices in Manchester and London.
Funding Details
Company: CultureAI, Ltd.
Raised: $10.0M
Round: Series A
Funding Month: July 2024
Lead Investors: Mercia Ventures, Smedvig Ventures
Additional Investors: Passion Capital, Senovo
Company Website: https://www.culture.ai/
Software Category: Human Risk Management
Source: https://www.globenewswire.com/news-release/2024/07/17/2914355/0/en/CultureAI-raises-10-million-in-Series-A-funding-to-evolve-the-way-organisations-manage-human-risk.html