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Prytek Invests over $100 Million in ThriveDx to Accelerate Expansion

Prytek Holdings Pte. Ltd. has completed a strategic investment in ThriveDx (formerly HackerU), a leader in digital skills training, signaling the closing of a significant round of funding. Prytek, a global technology and investment corporation, has doubled-down on their strategic investment in ThriveDX bringing Prytek’s total investment in the company to over $100 million.

Prytek began supporting ThriveDx in early 2018, when it invested about $20 million to initiate the company’s global expansion especially to the US and since then has formed an integral part of the management of ThriveDX, supporting it in its M&A activities and in building scale.

This round of investment will allow ThriveDX to accelerate its expansion into the US, Europe and Asian markets bringing much needed cybersecurity and digital skills training to help close the global digital talent gap.

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Arnon Shiboleth, co-CEO of Prytek and a director at ThriveDX, said: “ThriveDX is a company with exceptional global capabilities in the field of education with a unique model. Prytek recognized its capabilities back in 2018, which was a local company starting to expand globally, and since then we have had the honor of working closely with management and supporting its exponential growth and global success.”

ThriveDX partners with top-tier academic institutions and corporations worldwide to offer advanced, professional development programs in digital technology. In collaboration with top global Institutions, the company offers cutting edge skills training in the most in-demand digital career paths such as cyber and information security, digital marketing, software engineering, data science and analytics, UI / UX and more.  Among more than 20 top tier Global University partners are such Institutions as University of Michigan (#1 public university in the USA), NYUUniversity of MiamiSan Diego State UniversityAmerican University, and more.

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ThriveDX also operates a separate and unique, one of a kind SaaS platform. The ThriveDX SaaS division, specializes in supplying a comprehensive end to end solution to enterprises, encompassing all of its cybersecurity training needs in one all-inclusive cyber training SaaS platform.

The company also supplies cyber and digital transformation consulting and custom programs to businesses and government bodies in diverse technological fields. These businesses and entities include Toyota, KPMG, Microsoft, SAP, Intel and more. ThriveDX employs over 2,000 people globally and impacts the lives of tens of thousands of learners.

Gil Adani, CEO and founder of ThriveDX, said: “We are grateful for Prytek’s expression of trust. Since Prytek’s first investment about three years ago, the company has changed its face beyond recognition. As a result of the collaboration and support, the company has developed rapidly and has been able to successfully penetrate the international markets.”

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[To share your insights with us, please write to sghosh@martechseries.com]

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