Immersive Labs, a platform developer for gamified cybersecurity skills training, raised USD 66 million in a funding round led by Ten Eleven Ventures, with participation from existing investors Goldman Sachs Asset Management, Summit Partners, and Insight Partners. As part of the transaction, Dave Palmer, general partner of Ten Eleven, will join the company’s board of directors.

The company intends to use the funds to strengthen its Cyber Workforce Resilience platform.

The company also reported new additions to its leadership team; Jack Huffard, Tenable co-founder and non-executive director of Immersive as chairman of the board; Sandra McDevitt as chief human resources officer (CHRO); and Lucian Lui as chief marketing officer (CMO).

Analyst QuickTake: The fundraiser follows its USD 75 million Series C raised in June 2021, to develop a new Cyber Workforce Optimization platform. The funds were also intended to expand the platform’s reach to the US, tapping into the increasing demand for cybersecurity in the wake of pandemic-driven remote working trends.