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College Park cybersecurity training firm gets $15 million in funding

(Alexstar / Depositphotos.com)

(Alexstar / Depositphotos.com)

College Park-based cyber firm Cybrary raised $15 million in a Series B funding round, the company announced Wednesday.

Austin, Texas-based BuildGroup led the round. Existing investors including Arthur Ventures and Gula Tech Adventures also participated in the round.

“We’re thrilled to partner with BuildGroup as we continue to rapidly expand both our company and our online offerings to bring our virtual training to more than 3 million IT and cybersecurity pros,” Ralph Sita, a Cybrary co-founder, said in a statement. “Cybersecurity is the world’s fastest-moving industry, and the skills required are equally hard to keep up with. Therefore, with this latest investment, Cybrary will continue to invest in what has become the world’s fastest-moving catalog, and the amazing community of industry professionals who are creating it.”

Cybrary is an online cybersecurity career development platform. The firm says it has more than 3 million users, including users from 96% of Fortune 1000 firms.

The funding will be used to accelerate the company’s growth, it said in a release.

Gray Hall, managing director a BuildGroup, and Ron Gula, president of Gula Tech Adventures, will join Cybrary’s board.

“At BuildGroup, we are investing in companies solving critical business problems with modern business models powered by network effects,” Hall said in a statement. “Cybrary is a game-changing company allowing enterprises and individuals to close the cybersecurity skills gap through its highly-accessible and cost-effective platform powered by its network of millions of users and thousands of creators of cybersecurity training content.”

Earlier this year the firm moved into an expanded headquarters in College Park’s Discovery District. It had been based in Greenbelt. Cybrary has raised a total of $22 million in funding.

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