French Riot Start has collected a $ 30 million series round after reaching $ 10 million in annual income in 2024. Initially it focused on educating employees about online security risks, the company now wants to go a step more further and nude employees so that they minimize their attack surface.
Left Lane Capital is leading today’s round with existing Y Cominator, Base10 and Finance Combinati investors once again. From what Techcrunch has learned, Riot’s has reached a northern money rating of $ 170 million after Serie B round.
Riot initially started with fake phishing campaigns. Employees regularly receive emails that look like real email. But they are designed to deceive employees to click on connections and enter personal information.
In this way, employees learn that they need to be more dubious about the Email in the entrance. Over time, the company added other educational content with a friendly security chatbot called Albert. It can be reached on Slack and Microsoft teams.
This strategy has worked well so far, as Riot currently interacts with one million employees in 1,500 companies. Clients include L’Occitane, Deel, Intercom and Le Monde. (A couple of years ago, Riot only worked with 100,000 employees.)
And yet, online incidents are still increasing with widespread consequences. A recent example is to change the health care violation that is affecting 190 million Americans and began with compromised credentials in a customer service. An employee reuse the same password for their personal account and changes the Citrix Health Care Portal – nor had a multifacting certificate in Citrix.
That is why Riot wants to grow beyond employee education. “Our job is to see the behavior of the employees. Do they activate the certificate of multifactors? Do they have a safe code on their smartphone? Aren’t their intimacy settings in Linkedin are not too allowed? There are many things that employees can decide in place that will generally make life more difficult for hackers, ”Riot founder and CEO Benjamin Netter told Techcrunch.
Riot calls his future product a platform for employee safety management management. It will become a central booth to manage security at the employee level. While there are many behavioral management solutions, Riot believes employees have been neglected for a long time.
Here’s where it will fit into the online security landscape based on the company pitch deck:
“What we are creating with the platform is that we will automatically analyze the safety of the employees … and we will give a result, which we have called a Karma result, which will be an indicator of the residence employee, “Netter said.
After that, Riot will deceive the employee to change an environment here, activate the certificate of multifactors there. “Things is the little things you can do that will take you a minute or two, and this will essentially make life difficult for hackers,” Netter added.
This will be an interesting challenge for Riot, as employee safety also depends on their online hygiene on personal equipment and services. Phishing campaigns now occur on WhatsApp. Linkedin profiles are also widely used for social engineering attacks.
This is why this new security product will look a little more as a consumer product, with pleasant animations and some features of gaming to stimulate you to improve your safety behavior.
“My long -term vision is to build a employee security company and provide all the funds in the employee safety stack. So it’s possible to one day make – I will give you a silly example – an antivirus or a password manager, ”Netter said.
But first, with today’s funding round, the company also has more money to grow faster. The team plans to open new offices in other countries and to grow its client base to develop those more sophisticated products.
