Hatsize

Hatsize is a company that specializes in providing virtual lab environments for educational institutions, enabling students to engage in practical learning experiences in IT and cybersecurity. Hatsize offers immersive virtual lab solutions that allow students to practice IT skills in a safe environment. Founded in Calgary, Canada, Hatsize has pivoted to focus on educational technology solutions. The company raised USD 5.

00 mn in Series A funding in November 2010, with participation from BDC Capital and Golden Seeds, accumulating a total of USD 5. 00 mn to date. Hatsize specializes in creating educational resources, particularly through its virtual lab offerings. These Cloud Labs feature live virtual machines and software, allowing students to learn and develop essential IT skills, particularly in cybersecurity and forensics.

The products cater to educational institutions across North America and Europe, serving a diverse clientele that includes students, educators, and IT professionals. Hatsize generates revenue from direct sales of its virtual labs and educational materials to institutions, alongside subscription-based access to its Cloud Labs. Their revenue model supports a comprehensive learning ecosystem that combines physical and digital resources, ensuring accessibility for various educational settings. Following its Series A financing in November 2010, Hatsize plans to enhance its product lineup with new features and additional educational resources.

The funding will also support the company's strategy to expand its presence into new international markets, although specifics on targeted regions and timelines have not been disclosed.