Riot Security
Paris-based security awareness platform pairing short, chat-style training with simulated phishing to reduce human-driven breach risk.
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Riot (branded Riot Security) delivers employee security awareness training through brief, chat-style lessons fronted by a companion character, Albert, followed by simulated phishing campaigns so employees can practice spotting real attacks in a controlled setting. The pitch, as the company describes it, is a Duolingo-style approach to a category that has traditionally relied on long-form compliance modules.
Founded in Paris in 2020 by Benjamin Netter, the company closed a $30 million Series B in February 2025 led by Left Lane Capital, with participation from existing investors Y Combinator, Base10, and FundersClub, bringing total funding to roughly $45 million. Riot reports surpassing $10 million in annual revenue on triple-digit growth, with named customers including Intercom, Deel, and Deezer.
The company has also expanded its product suite beyond training into broader employee-focused cyber protection, continuing to compete against established players like KnowBe4 primarily on user experience and engagement rather than a fundamentally different training methodology.
Innovation Matrix Assessment
Iterative but steady product expansion from training into a broader employee-cyber-protection suite, rather than a single breakthrough release.
A training format employees actually complete, paired with phishing simulation, directly addresses the persistent human-risk attack surface for security teams.
A $30M Series B led by Left Lane Capital, over $10M in independently reported ARR, and named enterprise customers (Intercom, Deel, Deezer) are solid, verifiable momentum signals.
Security awareness training is a mature category with established players like KnowBe4 and Hoxhunt; Riot differentiates on UX and engagement rather than redefining the category.
Revenue and customer growth are independently reported, but no independent study of phishing-susceptibility reduction attributable to the product was found.
Human-risk training remains relevant, though AI-driven social engineering is raising the bar for what effective training needs to cover.
Why CISOs Should Care
Addresses the persistent human-risk attack surface with a training format employees actually complete, backed by independently reported revenue growth and recognizable enterprise customers.
What Makes It Different
A consumer-app-style, bite-sized training format plus integrated phishing simulation, rather than traditional long-form compliance training modules.
The Matrix Verdict
58/100 — INCREMENTAL INNOVATOR
Incremental Innovator. Genuine commercial traction (Series B, eight-figure ARR, named customers) in a mature category, where it differentiates on execution and user experience rather than fundamentally new technology.
Editorial Note: Claims vs. Verified Findings
Revenue, headcount, and total-funding figures vary somewhat across secondary sources; the $30M Series B and Left Lane Capital lead are independently corroborated by SiliconANGLE and the company's own announcement.
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