Highlights:

  • Riot offers a brief three-minute training course designed to educate employees on the dangers of phishing.
  • Riot reports that its platform currently safeguards approximately one million employees across over 1,500 companies, including Mistral AI and Y Combinator, which also participated in its recent USD 30 million funding round.

Riot Security Inc. raised USD 30 million in funding to support its growth endeavors. The startup works on enhancing the cybersecurity practices of employees in enterprises.

Based in Paris, the company announced that Left Lane Capital led the investment round, with participation from existing investors Y Combinator, Base10, and FundersClub. According to reports, the Series B round places Riot’s valuation at USD 170 million.

Riot offers a comprehensive employee cybersecurity platform with four core components. The first is a tool that allows businesses to send simulated phishing emails to employees, helping to uncover potential security vulnerabilities. It features over 400 phishing email templates and spoofed domains designed to mimic the URLs of real company websites.

An analytics dashboard tracks metrics such as the number of employees who open the simulated phishing emails, how many enter their login credentials, and the time it takes for them to respond. To strengthen security further, Riot evaluates submitted credentials to identify weak passwords. Organizations can leverage the platform’s data to enhance their employees’ cybersecurity awareness and practices.

Riot offers a brief three-minute training course designed to educate employees on the dangers of phishing. Additionally, the platform features a chatbot named Albert, which serves as an interactive cybersecurity assistant. Albert provides easy-to-understand security explanations and recommends account settings that can help reduce the risk of hacking.

The platform also includes two other key tools. One monitors the internet for employee data leaks caused by cyberattacks, alerting companies to potential security breaches. The other allows employees to report suspicious emails directly to the IT team. Administrators can then review these messages through a centralized interface and block the malicious domains responsible for them.

“Hackers are leveraging the latest innovations in artificial intelligence to create extremely targeted and sophisticated attacks capable of deceiving the most vigilant employees,” said Co-founder and Chief Executive Officer Benjamin Netter. “Our goal with Riot is to protect more than 10 million employees by 2027.”

Riot reports that its platform currently safeguards approximately one million employees across over 1,500 companies, including Mistral AI and Y Combinator, which also participated in its recent USD 30 million funding round. The company also revealed that its annual revenue surpassed USD ten million last year.

With the newly secured funding, Riot plans to double its workforce within the next 12 months. Additionally, it aims to establish two new international offices and speed up the development of new features. The company is working on expanding its cybersecurity training offerings and enhancing its phishing simulation tool.