CybaVerse raises £1.1m to expand cyber security platform development and team capabilities.
The round features participation from Coast to Capital Growth Fund, Haatch, Founder & Lightning, and other angel groups.
Share allotment filed at Companies House
CybaVerse provides managed cyber security services and software platforms to help small and medium enterprises streamline their security operations.
CybaVerse has secured £1.1m in a funding round that included a £350k investment from the Coast to Capital Growth Fund, managed by The FSE Group. Additional participants in the round comprised Haatch, Founder & Lightning, FSE angel investors, and the University of Sussex Business Angels group.
The fresh capital will be directed towards advancing platform development, expanding the team, and broadening the firm's cyber security capabilities. This follows recent senior appointments designed to support the company's ongoing growth.
Operating as a software-as-a-service provider, CybaVerse delivers managed cyber security solutions, anchored by its recently launched CybaVerse AI platform. The technology aims to simplify security management for small and medium enterprises by centralising oversight and reducing pressure on internal IT teams.
Use of funds
- 01Continue product development
- 02Grow the team
