Cyan Forensics secures £5m Series A funding led by Par Equity to scale internationally
Par Equity led the Series A round with participation from Mercia, Triplepoint, SIS Ventures, Scottish Enterprise and the MacLeod Family Trust.
Cyan Forensics builds digital triage technology that helps law enforcement and technology platforms detect and block harmful content. Its tools enable police officers to uncover evidence of child sexual abuse and terrorism in minutes.
Edinburgh based digital safety company Cyan Forensics has secured slightly over £5m in Series A funding led by Par Equity. The round includes participation from existing backers Mercia, Triplepoint, SIS Ventures, Scottish Enterprise and the MacLeod Family Trust, lifting the company total to over £8m. The capital will support an international expansion push across mainland Europe and the United States, alongside significant team growth. Cyan provides rapid triage tools for police forces and screening solutions for online platforms to combat illegal digital material.
From the founder
"Our technology is already making a significant impact within counter terror and child sexual abuse investigations in the UK, and we're excited to build on this momentum in mainland Europe and the US. We've built a great network of partners to support our ambitious growth plans, and our team will double in size during each of the next two years to support this growth."
Ian Stevenson
CEO at Cyan Forensics
Investor perspective
"After having seeded the business in late 2016, Mercia is delighted to continue to support Cyan alongside Par Equity and existing investors. Cyan has significant growth potential across a number of markets and we're looking forward to continuing to support Ian and the team moving forward."
Chris Kilroy
Investment Manager, Mercia Fund Managers
Use of funds
- 01Expand into international markets
- 02Grow the team
Investors
Categories
About the company
Cyan Forensics
Cyan Forensics builds digital triage technology that helps law enforcement and technology platforms detect and block harmful content.