The financing round was supported by 24 Haymarket and Mercia to fund regional expansion and product development.
"There is a wealth of technical talent in the Midlands, which is clear from the leading research that repeatedly comes out of the region. We are clear at CyberOwl that we need to go where the talent is. We were born out of research at Coventry University and are excited about the prospect of building up a research and development base in the MIdlands."
The Series B round was led by Accel with participation from Partech, Salesforce Ventures, 24Haymarket and IQ Capital.
"The world is increasingly aware of the importance of protecting private information and privacy engineering is becoming intrinsic to the way organizations manage and share data."
Startup Funding Club backed the Welsh cyber security startup through its early stage funds.
"Startup Funding Club are a great investor and partner for us. They have a clear understanding of the industrial markets, and will be able to provide much more value than the funding alone. We look forward to working with SFC."
The investment extension was led by Harwell Capital to support expansion into new digital media sectors.
"Harwell has been a hugely supportive investment partner, who provide far more than cash alone to the company. They understand our vision and objectives and bring significant advice and acumen to ensure we can execute on our continued growth plans in a most exciting market."
The seed round was led by Speedinvest to support the development of disinformation detection technology.
"While I was building my previous start-up I saw at first-hand how biased, polarising news articles were shared and artificially amplified by vast numbers of fake accounts. This gave the stories high levels of exposure and authenticity they wouldn’t have had on their own."