Cyberbit, a Newburyport, Massachusetts-based company specializing in cybersecurity skill development and training platforms, has secured funding round.
Investors
The investment was made by existing investors, including Charlesbank Capital Partners.
Based in Boston and New York, Charlesbank Capital Partners is a middle-market private investment firm with more than $18 billion of capital raised since its inception. Charlesbank focuses on management-led buyouts, growth capital financings, opportunistic credit, and technology investments. The firm seeks to invest in companies with sustainable competitive advantages and excellent prospects for growth.
Cyberbit Use of Funds
The company plans to use the funding to support future acquisitions and product development. The funds will also accelerate growth in North America and other key markets, including Europe, the Middle East, and the Indo-Pacific region.
About Cyberbit
Cyberbit offers solutions that help organizations build and enhance their cybersecurity teams' skills through hyper-realistic simulations and training exercises. These platforms are designed to replicate real-world cyberattack scenarios, enabling cybersecurity professionals to practice and improve their response capabilities in a controlled environment. Cyberbit's offerings are used by enterprises, government agencies, and educational institutions to prepare their teams for the evolving landscape of cyber threats.
Funding Details
Company: Cyberbit Inc.
Raised: Undisclosed
Round: Undisclosed
Funding Date: August 2024
Investor: Charlesbank Capital Partners
Company Website: https://www.cyberbit.com/
Software Category: Cybersecurity Skill Development and Training
Source: https://www.businesswire.com/news/home/20240814087792/en/