Riot, the cybersecurity platform focused on employee protection, has announced that it has secured $30 million in a Series B funding round led by venture capital firm Left Lane Capital. This investment will allow the company to expand product development and accelerate its international growth, solidifying its position as a leader in cybersecurity for workers. With this round of funding, Riot has reached a total of $45 million, with participation from investors such as Y Combinator, Base10, and FundersClub.
The emergence of generative Artificial Intelligence (AI) has raised growing concerns in businesses, as cybercriminals are using these technologies to develop more personalized and sophisticated attacks. The increase in public data online makes it easier for hackers to create increasingly realistic phishing attacks. In the last two years, such incidents have risen by 1,265%, making employee cybersecurity a business priority.
“Hackers are using the latest innovations in AI to craft extremely targeted attacks that can deceive even the most cautious employees,” said Benjamin Netter, founder and CEO of Riot. “We are in a race against time to develop tools that protect companies from these new threats. Our goal with Riot is to protect over ten million employees by 2027.”
An Innovative Approach to Corporate Cybersecurity
Riot has developed an approach that goes beyond traditional cybersecurity awareness solutions, which often rely on generic and unengaging training modules. Their platform integrates directly into companies’ IT infrastructure to assess employee security posture and identify potential vulnerabilities, such as the absence of strong authentication for certain services.
To achieve this, Riot employs its cyber assistant, Albert, which provides actionable recommendations in real-time through corporate communication tools like Slack and Microsoft Teams. This way, the platform not only alerts employees to risks but also guides them in effectively resolving these issues, complicating the work of cybercriminals.
“The advancement of AI is making phishing attacks more sophisticated, personalized, and hard to detect,” explained Matthew Miller, partner at Left Lane Capital. “Equipping employees with the right tools and knowledge is the best defense against these evolving threats. Riot’s innovative approach turns employees into the first line of defense against cyberattacks. The financial and reputational impact of a security breach can be devastating for a company, which is why these solutions are more necessary than ever.”
Growth and International Expansion
Since its founding in 2020, Riot has experienced exponential growth, protecting over 1,500 organizations across various sectors. Among its clients are leading tech companies such as Mistral AI, Y Combinator, and Modern Treasury, as well as large corporations like L’Occitane, Deel, Intercom, and the French newspaper Le Monde.
Moreover, in 2024, the company surpassed $10 million in annual revenue, achieving another year of triple-digit growth. With the new capital injection, Riot expects to accelerate its international expansion by opening two new offices and doubling its staff in the next twelve months.
About Riot
Riot is the first real-time cybersecurity solution focused on employee protection. Its platform allows cybersecurity teams in companies of all sizes to assess and improve the security posture of their employees, making them the first line of defense against cybercriminals.
Founded in 2020 at Y Combinator by Benjamin Netter (CEO) and Louis Cibot (CTO), Riot has raised a total of $45 million in funding from investors such as Frst Capital, FundersClub, Base10, Left Lane Capital, and angel investors like Guy Podjarny (founder of Snyk) and Severin Hacker (co-founder of Duolingo).
About Left Lane Capital
Founded in 2019, Left Lane Capital is a global growth capital and venture capital firm with offices in New York and London, specializing in investing in fast-growing companies within the consumer and SMB sectors. Its mission is to partner with exceptional entrepreneurs who create innovative companies in key sectors of the economy. Notable investments include GoStudent, Choco, Wayflyer, Mentorshow, La Belle Vie, Bilt Rewards, Blank Street, M1 Finance, Animaj, Kings League, Holy, and Kittl, among others.