HackNotice announced the completion of a $7 million Series A funding round to grow the business and help companies combat cyber threats.
The funding round is led by Strategic Cyber Ventures, a venture capital firm focused on funding companies that are having a profound impact on cybersecurity, privacy and resilience with a partnership from Lytical Ventures, a venture capital firm focused on investing in business intelligence.
“HackNotice believes threat awareness is the future of employee-based cybersecurity,” said Steve Thomas, co-founder and CEO of HackNotice. HackNotice provides businesses with a best-in-class threat awareness platform, closing gaps in employee security and threat awareness,” said Steve Thomas.
HackNotice’s corporate clients have noted an increase in the number of employees adopting safer online habits and voluntarily seeking security training. HackNotice’s powerful analytics and reporting tool gives security teams visibility into their risks by employee/department.
“Traditional security training and awareness is an established industry with questionable return on investment. HackNotice democratizes employee threat intelligence by delivering this data directly to the employee themselves. This leads to a better alignment of incentives between employee and employer and marks the beginning of a new market: threat awareness,” said Chris Ahern, director, Strategic Cyber Ventures.
“Lytical is thrilled to partner with such an innovative and disruptive company like HackNotice,” said Lucas Nelson, Managing Partner at Lytical Ventures. “Phishing prevention was a box-checking exercise that gave everyone a false sense of security while annoying employees. Now, with HackNotice, companies can stay compliant while their employees get actionable insights into their stolen data,” he added.
Since closing the funding round, HackNotice has assembled a team to help integrate and distribute the threat awareness platform.