# OutThink raises $10 million to tackle human errors behind data breaches
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-10-19
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: OutThink Raises $10 Million Investment to Tackle Data
Meta Description: London-based cybersecurity firm OutThink secures $10 million in funding to combat data breaches caused by human behaviour, using AI and psychology.
URL: https://financedigest.com/outthink-raises-10-million-to-tackle-human-errors-behind-data-breacheshtml

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By Juliette Portala

(Reuters) – London-based cybersecurity company OutThink has raised $10 million in early-stage investments backed by venture capital firm AlbionVC, it said on Tuesday, as it looks to help organisations identify human behaviour that can lead to data breaches.

The company, which says human behaviour is the source of 91% of data breaches, uses machine learning, natural language processing and applied psychology to identify, understand and manage the attitudes, intentions and sentiment of individuals.

Founded by a team of chief information security officers, security experts and researchers, the group said organisations carried a “significant level of risk” despite considerable [investment in cybersecurity](https://www.financedigest.com/large-investment-success-for-basingstoke-cybersecurity-start-up.html "Large investment success for Basingstoke cybersecurity start-up") technology and security awareness solutions, especially as remote working practices grow.

The fact cybercrime continues to [rise proves such conventional approaches aren’t working and there is an urgent need](https://www.financedigest.com/inflation-is-on-the-rise-you-need-a-bookkeeper.html "Inflation Is On The Rise, You Need A Bookkeeper") for a new, more effective approach,” OutThink said in a statement.

The financing, in which Triple Point Ventures, Forward Partners, Gapminder and Innovate UK took part, brings the firm’s total [funding to $11.4 million](https://www.financedigest.com/british-ev-startup-arrival-gets-300-million-funding-aims-to-slow-cash-burn.html "British EV startup Arrival gets 0 million funding, aims to slow cash-burn"). The [money will be used to speed up its international](https://www.financedigest.com/how-to-choose-the-right-service-for-your-international-money-transfer-needs.html "How to choose the right service for your international money transfer needs") distribution.

OutThink said its platform was used by major organisations, including Whirlpool, Danske Bank, Rothschild and NatWest.

(This story has been [officially corrected to fix one of the financing participant’s names](https://www.financedigest.com/italy-names-former-treasury-official-to-head-ita-airways.html "Italy names former Treasury official to head ITA Airways") to Triple Point Ventures in the 5th paragraph)

(Reporting by Juliette Portala, editing by Supantha Mukherjee and Mark Potter)


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