New Funding Values KnowBe4 at $1 Billion

KnowBe4, a security simulation and training company, has announced it will receive a $300 million investment round, raising its total valuation to $1 billion.

The latest round of funding is being led by KKR, through its Next Generation Technology Fund, with participation from existing investors Elephant and TenEleven Ventures.

In a statement announcing the investment, KnowBe4 said it anticipates using the new funds for global growth initiatives and platform development.

KnowBe4 provides a platform for training employees to recognize phishing messages and other social-engineering attacks.

Read more here.