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SecureSet Academy closes $4M Series A financing round

SecureSet Academy will expand into new markets.

SecureSet Academy, which offers cybersecurity training in a bootcamp-style setting, announced that it raised $4 million in a Series A round of funding led by the Colorado Impact Fund (CIF). The funding will allow the academy, currently encompassing campuses in Denver and Colorado Springs, to expand its offerings into new markets.

"Partnering with Colorado Impact Fund and raising this Series A round is a huge step for us," says Bret Fund, founder of SecureSet Academy. "We have validated our curriculum and instructional model, which more effectively creates job-ready cybersecurity professionals for an industry with a severe shortfall of talent. This new round of financing and partnership allow us to take our validated model and expand it to new geographic locations. We're excited and ready to grow." 

SecureSet offered its first classes last year. It's one of a growing number of companies and organizations in the state that are aimed at cybersecurity. In 2016, Gov. John Hickenlooper announced a new National Cybersecurity Center in Colorado Springs and the University of Denver launched a new, one-year cybersecurity masters program.

"There is a dramatic supply-demand gap in this industry. Organizations who need cybersecurity professionals have found that certifications aren't enough," says Ryan Kirkpatrick, a CIF partner. "Our diligence suggests that SecureSet Academy's high-intensity education, world-class curriculum and experienced team will position the company to scale quickly while providing benefit to students, government and industry."

The funds will allow SecureSet Academy to scale its educational offerings. It says there is a critical need for cybersecurity expertise across the country. Thus far, the academy says it has placed 100 percent of its students in a security job within two months. The average starting salary in the industry is $84,000.

Contact Confluence Denver Innovation & Jobs News Editor Chris Meehan with tips and leads for future stories at chris@confluence-denver.com.

Read more articles by Chris Meehan.

Chris is a Denver-based freelance writer, editor and communications specialist. He covers sustainability, social issues and other topics.
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