Cybersecurity Focused Riot Secures New Series B

Riot, an employee-focused cyber protection software company, has closed a $30 million Series B funding round led by Left Lane Capital. With this round, Riot’s total capital raised is now $45 million.

Riot’s cybersecurity platform integrates with existing corporate IT infrastructure to monitor employee security posture, detect vulnerabilities, and provide real-time guidance to mitigate risks.

A key part of Riot’s technology is Albert, an AI cybersecurity assistant that offers security tips through Slack and Microsoft Teams. It detects vulnerabilities like weak authentication and helps employees improve cyber practices and habits to maintain good cybersecurity and protect sensitive information. These practices include using strong passwords, enabling multi-factor authentication, updating software regularly, avoiding suspicious links, and being cautious of phishing attempts.

As generative artificial intelligence evolves, cyber threats have become increasingly sophisticated, with attackers using AI to create highly personalized phishing and social engineering schemes. Over the past two years, phishing incidents have increased by more than 1,250%.

“Hackers are leveraging the latest innovations in artificial intelligence to create extremely targeted and sophisticated attacks capable of deceiving the most vigilant employees,” said Benjamin Netter, the founder and CEO of Riot. “We’re in a race against time to develop tools that will protect businesses from these new threats. Our goal with Riot is to protect more than ten million employees by 2027.”

Customers of Riot include technology firms, financial institutions, and media organizations such as Mistral AI, Y Combinator, Modern Treasury, L’Occitane, Deel, Intercom, and Le Monde. Since its founding in 2020 by Benjamin Netter and Louis Cibot, New York City-headquartered Riot has expanded its reach to over 1,500 organizations worldwide and surpassed $10 million in annual revenue in 2024. In 2025, the company plans to add two offices as part of its international expansion.

“As AI technology continues to mature, phishing attacks will become more sophisticated, personalized, and harder to detect. Empowering your team with the right tools and knowledge is the best defense against these evolving threats,” said Matthew Miller, partner at Left Lane Capital. “Riot’s innovative approach focuses on employees as the first line of defense against cyberattacks. The cost of a data breach or cyberattack has significant financial and reputational implications for companies, making these training and prevention tools a necessity now more than ever.”

Founded in 2019, Left Lane Capital is a venture capital and growth equity firm investing in high-growth consumer and SMB businesses. The firm is headquartered in New York and London.