The cyber security venture has raised £2m from Hoxton Ventures and Speedinvest to support its spin-out and commercial growth.
"Unfortunately, global pandemics don’t slow down the antagonists, the battle of defending against and responding to malicious activity across the digital estate remains constant. To add to the challenge, a new working-from-home-norm has been introduced which increases IT service delivery and business continuity pressures."
Northzone led the £20m Series B round to support international expansion and strengthen UK market share.
"Where people work and how they work is changing by the day, all the more so since Covid-19 struck. Now the way in which people get paid is changing, too, and at scale. Wagestream provides a financial flexibility that is perfectly suited to today’s agile and progressive workforce."
The financing round was led by Pfizer Ventures and accompanied by pro-rata contributions from existing investors.
"Since our initial investment in Mission seven years ago, the company has grown tremendously and the depth of its scientific expertise and capability has grown alongside it. We are proud to expand our relationship with the company and our scientists are looking forward to a successful collaboration in this important area of research."
The Series A round was led by Kindred Capital and Capnamic Ventures with participation from angel investors.
"We are in a great position to accelerate achieving our mission and liberate businesses from dull, repetitive and now even dangerous work, so their employees can focus on the things that bring the most value. We are thrilled to have such trusted and experienced investors join our cause and support the next stage of our growth. The demand for automation and robotics has seen a significant raise driven by the current global events and we’re in the best position to respond to it."