French startup Riot has successfully raised $30 million in a Series B round, following a notable achievement of $10 million in annual revenue for 2024. Originally focused on cybersecurity awareness through simulated phishing attacks, Riot is expanding its offerings to actively enhance the security practices of employees. The round was led by Left Lane Capital, with participation from Y Combinator and others, boosting the company's valuation beyond $170 million. Riot now serves one million employees in 1,500 companies, highlighting the need to counteract the rising tide of cyber incidents.
Our job is to look at employees' posture. Do they activate multifactor authentication? Do they have a secure code on their smartphone?
Riot originally started with fake phishing campaigns...designed to trick employees into clicking on links and entering personal information.
Cyber incidents are still on the rise...starting with compromised credentials on a consumer service.
Currently interacts with one million employees across 1,500 companies...Clients include L'Occitane, Deel, Intercom and Le Monde.
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