Cybrary has closed on a $15 million Series B funding round to expand its digital workforce development platform that’s being used by 3 million global cyber and IT professionals, the company announced Wednesday. The round brings the Cybrary’s total capital raise to $23 million.
Founded in 2015, the College Park, Maryland-based company manages a IT learning and certification preparation platform to foster cybersecurity career development.
Exciting news: Cybrary raised $15 million in our Series B funding!
We couldn't have done it without all our supportive Cybrary users, staff, and contributors. Cheers to many more years of Cybrary helping professionals reach their career goals 📚https://t.co/KlWSdK74qk pic.twitter.com/MrqsfggBIb
— Cybrary (@cybraryIT) November 13, 2019
This latest funding round was led by Texas-based BuildGroup and included participation from existing investors Arthur Ventures and Gula Tech Adventures. Gray Hall, managing director at BuildGroup, and Ron Gula, president of Gula Tech Adventures, will join Cybrary’s board of directors.
“Cybrary is a game-changing company allowing enterprises and individuals to close the cybersecurity skills gap through its highly-accessible and cost-effective platform powered by its network of millions of users and thousands of creators of cybersecurity training content,” Hall said in a statement.
On the platform, users can follow career paths that are assembled by Cybrary’s creator network, cofounder Ryan Corey told Technical.ly. These career paths help develop knowledge, skills and abilities through video-based training and hands-on technical assessments. Ultimately, Cybrary’s workforce development platform is working to prepare cyber and IT professionals for full-time jobs.
“The most exciting thing about what we are building is that we have assembled the world’s largest cyber security career development network, powered by the industry’s largest network of industry subject matter expert creators,” Corey said. “In 2020, real skill data will guide users through a path that targets the work role they seek and the company they seek, directly based on data of the skills currently on the team at that company. This will provide more efficient paths to earn your next role, as a professional.”
This funding comes after Cybrary relocated its 60-person team to College Park earlier this year to accommodate its growth. Currently, the company has nine full-time job openings listed on its site.
Cybersecurity is the top sought-after skill in immediate demand at local tech companies, according to Robert Half.
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