French startup riot In 2024, after reaching $ 10 million in the annual revenue, $ 30 million series B has been raised. Originally focused on educating employees about cyber security risks, the company now wants to move one step forward and naked employees so that they reduce their attack surface.
The Left Lane Capital is once again participating in today’s era with the current investors Y Combinator, Base 10 and Funders Club. Whatever Techcrunch has learned, RIOT has reached a money valuation in north of $ 170 million after the series B round.
The riot originally began with fake fishing operations. Employees regularly receive emails that look like real emails. But they are designed to click on the link to employees and enter personal information.
In this way, employees learn that they should be more suspicious about the upcoming email. Over time, the company added other educational materials with a friendly security chatbot called Albert. It can be reached on slack and microsoft teams.
This strategy is working well so far, as the riot currently interacts with one million employees in 1,500 companies. Customers include L’H Occitane, Deel, Intercom and Le Monde. (A few years ago, the riot worked only with 100,000 employees,
And yet, cyber events are still growing with comprehensive results. A recent example is changing healthcare data breech 190 million is affecting Americans And started with Compromised credibility On a consumer service. An employee reused the same password for his personal account and replaced the Citrix portal of the healthcare – there was no multiformer authentication on the Citrix, either.
Therefore, the riot wants to grow beyond educating employees. “Our job is to see the currency of the employees. Do they activate multiformer authentication? Do they have a safe code on their smartphone? Are there not much allowed their privacy settings on LinkedIn? There are a lot of things that employees can keep life more difficult for hackers, ”the founder and CEO of the riot Benjamin Netter told Techcrunch.
The riot calls its next product an employee safety asana management platform. It is going to become a central cockpit to manage security at the employee level. While there are many currency management solutions, riot believes that employees have been neglected for a very long time.
It is here that it will fit in cyber security scenario based on the company’s pitch deck:
“What we are making with the platform is that we are going to automatically analyze the safety of the employees … and we are going to give a score, which we have called a karma score, which the employee has called There will be an indicator.
After that, the riot will activate the multiformer authentication there, to change a setting here. “These are small things you can do that will take you one or two minutes, and it will basically make life hard for hackers,” Netter said.
This is an interesting challenge for the riot, as the employee safety also depends on their cyber hygiene on individual equipment and services. Fishing expeditions are now on WhatsApp. LinkedIn profile is widely used social engineering Also attack.
This is why this new security product will look slightly more like a consumer product, in which good animation and some gamification features to encourage you to improve your safety currency.
“My long -term vision is to build an employee safety company and provide all equipment in the staff safety stack. So it is possible that one day we will give you a foolish example – an antivirus or a password manager, ”Neter said.
But first, with today’s funding rounds, the company has more cash to grow more rapidly. The team plans to open new offices in other countries and develop their customer base to develop those more sophisticated products.
