The Carlyle Group invests $55 million in Hack The Box
- The Greek-based online security training Hack the box hair closed a round of about $55 million from the Carlyle Group, one of the largest private equity firms in the world.
- The capital will be invested in research and development and to increase the number of employees to almost 300 in the next two years. The company also plans to expand into the American market.
- With the latest investment of $55 million, the American private equity firm is buying a high minority stake in Hack The Box, as the value of the Greek startup is estimated to exceed $100 million.
Founded in 2017 by Haris Pylarinos (CEO), Aris Zikopoulos (CCO) and James Hooker (CTO), Hack The Box has raised nearly $15 million to date from international VCs including Osage University Partners, the first and the biggest Edtech VC in Europe – Brighteye Ventures, and the early Greek investor – Marathon Venture Capital.
Hack the Box was launched with the idea that cyber security skills should be developed through hands-on practice rather than by reading books and obtaining certifications, and the co-founders did so by creating an online space, emulating a hackable computer system, and adding gamification features on top. Online cybersecurity training platform Hack the Box offers individuals, universities and businesses a chance to play up their hacking skills by giving them access to virtual, experimental hacking labs where they learn by doing and reward them with points and badgers for coming further in the training. . In addition, it offers advanced analytics, solutions for talent acquisition and evaluation, and community engagement.
Over the past 5 years, Hack The Box has built a community of over 1.3 million platform members and has trained over 1.4,000 companies, academic institutions, government agencies and organizations including Toyota, Siemens, EA Sports, The New York University and UCL.
The cybersecurity startup is headquartered in Kent, England, but has its main research and development center in Athens. With a team of over 180 employees spread across the globe, Hack The Box’s mission is to become the world’s largest and most inclusive hacking community. In parallel, the startup aims to make hacking the new game by introducing more meaningful gamification into the field and offering curated and sophisticated hacking content.
Thanks for reading The Recursive!
Over 1 million people from around the world have learned about the tech ecosystem in Central and Eastern Europe thanks to The Recursive. To keep our content free for everyone, we need your help. If you think what we do is important and have the means to do it, support us in giving a voice to Central and Eastern Europe with as little as €7. Thank you!
DONATE Continue reading this article