French startup Riot has announced closing a $30 million Series B funding round, which comes shortly after the company hit $10 million in annual revenue in 2024-the fastest-growing evidence of its momentum and the insatiable interest in its offerings.

About Riot

With the mission of revolutionizing cybersecurity by focusing on the human element, Riot founds a series of products designed to enhance employee awareness and resilience against cyber threats. The solutions that this company provides combine the latest advanced technologies with simple user interfaces in order for effective cyber security to be both accessible and adopted by all organization members.

Riot was founded by a group of cybersecurity experts who realized that the employees are usually the first line of defense against cyber attacks. Organizations can easily reduce their vulnerability to threats like phishing, malware, and social engineering attacks if they empower their employees with the right tools and knowledge.

Funding Details

With an estimated $30 million, it represents a definitive juncture for Riot on the journey in this round, whose investors still remain unknown in the public, it reflects this tremendous vote of confidence in how Riot is making the cybersecurity stand as well in how much farther they can move on.

The capital raised before this round had allowed Riot to create and launch its core product offerings. The most recent investment will be used to speed up the company’s growth strategy and enhance its product line.

Riot’s cybersecurity products are developed from an end-user perspective: the employees. Employees are the lifeblood of the organization, and their security matters.

One of Riot’s flagship products is an interactive training platform that educates employees on identifying and responding to various cyber threats. The platform uses real-world scenarios and simulations to provide practical experience, thereby increasing vigilance and preparedness among staff.

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Complementing the training platform, Riot provides tools in relation to the early detection of potential security breaches. These tools depend on machine learning algorithms in assessing user behavior. It automatically analyses their behavior to indicate anomalies that may point to a security incident, giving them time to act and mitigate risks.

The cybersecurity landscape is constantly changing, with threats becoming more sophisticated. Riot’s focus on employee-centric solutions places it uniquely in the market, addressing a critical area that is often overlooked by traditional cybersecurity measures.

Earning $10 million in annual revenue in 2024 means Riot has successfully penetrated the market, and its solutions are increasingly adopted by different sectors. This milestone is not only a testament to the strength of the company’s business model but also to the effectiveness of its products in answering the needs of the market.

With the influx of new funds, Riot is looking to extend its product offerings and scale its operations to cover a wider clientele.

The company will invest in research and development to perfect its already available products and will be able to create more solutions to the emerging cybersecurity challenges by integrating up-to-date technologies such as artificial intelligence to improve its threat detection capabilities.

The goal of Riot is to expand its reach into new markets, both geographically and across different industry sectors. The company will be looking to establish partnerships with organizations worldwide to promote cybersecurity awareness and implement its solutions on a global scale.