The funding round was led by Mercia Ventures with participation from regional funds and angel investors.
"Cybersecurity is second only to global conflict in terms of factors affecting the economy. Memory safe chips have been shown to prevent 70% of all attacks and would enable organisations to continue using existing software with complete peace of mind. Developing a new generation of chips here in the UK will also help to ensure supply chain security and restore the country’s position as a leader in semiconductor technology."
Fuel Ventures led the investment round, which will fund platform development and international expansion.
"We’re backing Community Wolf because they’re building something truly game-changing; a public safety network that puts the power in the hands of the people, using tools we already know and trust. The platform’s impact in South Africa has already proven just how vital this service is. We’re excited to support the team as they scale their technology and make communities around the world safer."
The funding follows an initial investment in 2023 and will support international growth.
"I am delighted to take on the position of Chair at Cyacomb. Through my time working with the company, I’ve seen the impact its technology makes and its growth opportunities. As Chair, I’m looking forward to building on the momentum within the company and supporting its mission to enable the swift and thorough identification of harmful digital content."
Fuel Ventures led the pre-seed round to support product development and international growth.
"AVIEL is tackling one of the biggest challenges facing banks and payment service providers today. The team has found a completely unique angle – using intelligence, not just analytics, to stop scams at the source. Their approach is bold, focused and scalable, and we’re excited to back them at this critical stage."
