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Tech

Indeed co-founder helps cyber security firm founded by professional hackers raise $4m

CultureAI's founder has said 'hacking people is still too easy'

CultureAI is headquartered in Manchester(Image: scu)

A Manchester-headquartered cyber security company founded by professional hackers has secured $4m to fuel future growth.

The investment into CultureAI, which also has offices in London and Edinburgh, was led by Germany-based venture capital firm Senovo.

The seed round also saw participation from new investor Conviction alongside existing backer Passion Capital.

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Angel investors Paul Forster, the co-founder of Indeed, and Guntram Friede, head of marketing, EMEA Salesforce and MuleSoft, also joined the round.

CultureAI founder and chief executive James Moore said: "It's almost unheard of for professional hackers (known as penetration testers) to fail to gain access to an organisation, even if they have great security awareness training for employees.

"We successfully gain access to organisations' data and systems every time and it's almost always as a result of human behaviour or error.

"As an example, multi-factor authentication (MFA) is often touted as a key cyber defence – yet we find that an average of 32% of employees accept MFA authentication requests sent by attackers, essentially opening the door for them.