Hack The Box Raises $55 Million
Cybersecurity training platform Hack The Box has secured $55 million in a Series B investment round led by Carlyle. The company plans to use the new funding to scale its infrastructure and content offerings. The investment is expected to lead to new labs, Capture the Flag (CTF) competitions, and specialized certifications on the platform.
- This Series B funding round brings Hack The Box's total capital raised to $70 million. Other investors participating alongside Carlyle included Paladin Capital Group, Osage University Partners, and Marathon Venture Capital. - The company was founded in 2017 by Haris Pylarinos, James Hooker, and Aris Zikopoulos and previously raised $10.6 million in a 2021 Series A round led by Paladin Capital Group. - Prior to the funding announcement, the platform had grown to a community of more than 1.7 million members and was being used by over 1,500 corporations, academic institutions, and government agencies. - Lead investor Carlyle has a history of investing in the cybersecurity sector, with other portfolio companies including government contractor ManTech and French cybersecurity services firm PR0PH3CY. - The investment aims to solidify Hack The Box's position in a competitive market for hands-on cybersecurity training, which includes alternatives like TryHackMe, PicoCTF, and the training programs offered by Offensive Security, the creators of the OSCP certification. - This growth comes as the U.S. Bureau of Labor Statistics projects that employment for information security analysts, including penetration testers, will grow by 33-35% between 2020 and 2031. - Hack The Box's founder, Haris Pylarinos, has stated the company's mission is to cultivate a "hacker mindset" and move individuals and organizations towards a more proactive, offensive approach to cybersecurity. - A 2025 report from Hack The Box analyzing data from over 4,500 professionals found significant technical skill gaps across industries like finance and healthcare, underscoring the need for the kind of hands-on skill development the platform provides.
