The round was led by NPIF - Mercia Equity Finance with participation from Deeptech Labs and In-Q-Tel.
"Data scientists and machine learning engineers can spend up to 80 per cent of their time sourcing, cleaning and organizing training data. Our Chameleon platform solves this challenge. This round will enable us to open up our platform to even more customers in the US, Europe and Asia-Pacific, enabling them to build AI vision solutions that better understand the way humans interact with each other and the world around them."
The seed round was led by IQ Capital and Playfair Capital to support the public launch of the secure messaging platform.
"I am beyond excited to announce today’s news of funding from such a high calibre of investors in the cyber space. There is much anticipation to open up Worldr fully this summer, following its beta trials earlier this year. We will offer a truly private-by-design team communication tool without sacrificing usability. At the same time, we’ve seen an unprecedented demand for our end-to-end encryption ‘wrapper’ for Microsoft Teams, much of which has been on the back of security questions around remote working and the meteoric rise of Teams as a platform itself. Working with our investors, we are hitting the ground running and investing in our substantial roadmap of zero-trust solutions for the Enterprise."
Element Ventures led the Series A round to support team expansion and product development.
"Crypto can be complex and confusing and people have valid fears around the safety of their funds. With Coincover, we are providing a fundamental building block for a rapidly maturing market by ensuring that people can be protected against making a mistake that can end up costing them thousands. This investment means we can rapidly scale our growth to market and consumer demands, and in doing so ensure more people can invest in crypto safely."
The round was backed by IQ Capital, Eos Venture Partners, and Winton Ventures to enhance product capabilities and expand internationally.
"The amount of support we have received thus far is humbling, and just goes to show the gap there is in the market for our offering. Cybersecurity solutions are often tailored to large enterprises with extensive teams and resources, whilst SMEs are left behind. With the help of our investors, we are challenging this mentality,"
