ThriveDX SaaS Ltd.

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ThriveDX SaaS Ltd. - overview

Established

1997

Location

Coral Gables, FL, US

Primary Industry

Education/Training

About

ThriveDX SaaS Ltd. operates as a provider of hands-on cybersecurity training solutions, focusing on reskilling individuals and transforming careers in the digital landscape through innovative educational programs. Founded in 1997 in Coral Gables, US, ThriveDX specializes in cybersecurity education, offering comprehensive training programs for individuals and organizations. The company has not undergone any significant pivots.


It was co-founded by Dan Vigdor and Roy Zur, and is currently led by CEO Ayal Stern, alongside executives Gil Adani and Roy Zur. In January 2022, ThriveDX raised USD 80 mn in a funding round led by investor Prytek, bringing the total amount raised to USD 80 mn over three deals. ThriveDX specializes in hands-on cybersecurity training and education solutions aimed at reskilling talent pools and transforming careers in the digital landscape. Their core offerings include a comprehensive range of cybersecurity training programs tailored for individuals, universities, and enterprises.


These programs leverage a learn-by-doing methodology to enable learners to rapidly acquire practical skills essential for success in various cybersecurity roles. ThriveDX serves educational institutions, enterprises, and individuals, and operates in multiple geographical markets, including North America, Europe, and Asia. ThriveDX generates revenue primarily through partnerships with universities and enterprises, offering customized training solutions. The structure typically involves direct contracts with educational institutions and businesses, featuring subscription-based models or one-time fees for access to training programs and resources.


Their flagship services include immersive bootcamps and accelerated training modules that cater to a range of skill levels, supporting the ongoing demand for cybersecurity professionals in the evolving digital marketplace. Following its most recent funding round in January 2022, ThriveDX plans to use the USD 80 mn raised to expand its operations into the US, Europe, and Asian markets. The company is focused on enhancing its product offerings and exploring new markets to meet the growing demand for cybersecurity expertise. Specific details regarding upcoming products or their launch dates have not been disclosed, but the funding will bolster their expansion strategy in these targeted regions.


Current Investors

Primary Industry

Education/Training

Sub Industries

Education & Training Services, Education & Training Website, IT Security/Cybersecurity, Education & Training Software

Website

www.thrivedx.com

Verticals

Cloud Computing, EdTech

Total Amount Raised

Subscriber access only

ThriveDX SaaS Ltd. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Add-on, Corporate Carve Out, Trade SaleCompletedKontra Application Security Training PTE. LTD.-

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