OutThink raised $10 million in a funding round led by AlbionVC Capital, that also counted with participation from GapMinder VC, Triple Point, Forward Partners (existing investor) and Innovate UK, helping them to further scale the company. The revolutionary Human Risk Management Platform targets human behaviours that can lead to data breaches.
Seeing the urgent need for effective new approaches to cybersecurity human risk management, Flavius Plesu founded OutThink. The company offers a cloud-based software as a service (SaaS) platform which organisations of any size can use to reduce the risk of data breaches.
The platform can identify root causes (like poor security attitudes & behaviours), then target training and other improvement actions. It gives chief information security officers (CISOs) the data to make better-informed decisions and recommends targeted interventions to optimise the whole security management system within a company. Before considering solutions, OutThink’s technology analyses and identifies the individual risk of each user and the root causes of that risk. Based on this information, it then recommends or automates the delivery of improvement actions, tailored specifically to the risk and needs of individuals. This solution delivers significant advantages over others in the market: namely it increases engagement with and efficacy of training, frees up limited internal resources to focus on added-value work and allows the holistic optimisation of the whole security system.
OutThink intends “to invest heavily in building world class Customer Success and Product teams to serve the organisations that rely on OutThink to manage cybersecurity human risk. We have cutting-edge infrastructure, an innovative product that the market loves, and an amazing team. We’re growing fast, with new customer, new partners, we’re hiring up and we’re investing to enhance our products and services.” Flavius Plesu, Founder & CEO of OutThink, told us.
Additionally, Flavius also mentioned the benefits that the investment can bring to OutThink’s costumers: “On the product side, I’m excited about the capabilities we’re rolling out to our customers. For the first time our customers can visualise and understand their human risk exposure. And for the first time ever, security workflows can be automated to eliminate specific risks and improve risky behaviours where they occur, and soon, where they are predicted to occur. We’re investing more in AI and techniques such as machine learning and natural language processing.”.
OutThink received a grant from the European Innovation Council to develop the first Cybersecurity Human Risk Management (CHRM) platform, that can identify individuals’ attitudes/behaviours to understand and measure individual human risk.
