SoSafe secures $73m in Series B to fuel international growth

After a successful year, SoSafe – one of the world’s fastest-growing security awareness platform vendors – has raised $73 million in a Series B funding round led by expansion-stage specialists Highland Europe.

Existing investors Acton Capital and Global Founders Capital were joined by SAP Hybris founder and Celonis Advisory Board member Carsten Thoma together with La Famiglia as well as Adjust founder Christian Henschel as participants.

With its agile and human-centric security awareness platform, SoSafe takes a uniquely user-centered approach to cyber security. With 85% of attacks traced back to the human factor, the SoSafe awareness platform uses insights from behavioral science to drive sustainable behavioral change. End-users enjoy the deep gamification embedded throughout the platform, while admins benefit from the easy setup and high degree of customization that enables continuous monitoring of human-based security risk. By fostering and scaling security culture, organizations can thus protect themselves from costly attacks.

This approach has seen SoSafe become the go-to trusted security awareness provider for more than 1,500 organizations worldwide including Aldi, Ceconomy AG, Taylor Wessing, Vattenfall and Valtech. It is now one of the largest awareness platforms based in Europe and has been recognized in independent industry reports from analysts Gartner and Forrester.

The investment further emphasizes SoSafe’s science-backed approach is gaining industry traction. Cybercrime is rising and is expected to cost organizations an alarming $6 trillion1 in 2021 alone. While many awareness solutions focus solely on

checking off compliance requirements, SoSafe’s mission is to disrupt the status quo and let employees take a center-stage in organizational security.

Dr. Niklas Hellemann – psychologist, co-founder and managing director of SoSafe – says: “Challenging the existing paradigms in security awareness and human risk management, we have seen tremendous adoption of our platform and extraordinary growth. We will now increase our international footprint further as well as advance our position as the leading second-generation security awareness and human risk platform, deeply rooted in behavioral science.”