Goldman Sachs invests in cybersecurity firm

TAMPA — Cybersecurity company KnowBe4 Inc. secured $30 million in growth capital financing led by new investor Goldman Sachs Growth Equity (GS Growth), with existing investor Elephant also participating.

According to a news release, the Series B round brings KnowBe4's total financing to $44 million and comes on the heels of an explosive quarter of continued growth. The new funds will primarily be invested in international growth and product development, further demonstrating KnowBe4's commitment to helping organizations enable their employees to make smarter security decisions.

"KnowBe4 has separated itself as a leader in the cyber-security awareness training market, with their platform becoming a 'need to have' for businesses across sectors and geographies in the fight against cyber-threats," states Hans Sherman, a vice president in Goldman Sachs' merchant banking division, in the release.