CyberHive raises £1.8m from 24Haymarket and Mercia to accelerate growth
The seed follow-on round was co-led by 24Haymarket and Mercia to expand market reach.
£1.8MSeed
CyberHive is a British cybersecurity company that offers patent protected cloud security and remote working solutions developed alongside the University of Oxford.
CyberHive has secured £1.8m in seed follow-on funding to accelerate its market expansion. The investment round was co-led by 24Haymarket and Mercia Fund Management. The company provides specialist cybersecurity solutions, including its Trusted Cloud platform and remote access tools designed to protect organisations from sophisticated digital threats.
From the founder
"Our technology provided the perfect way to facilitate secure home-working for key organisations at a critical time using our ‘Gatekeeper for Office 365’ remote working solution. Since then, we have applied the same concepts and technology to protect numerous other applications for large organisations, from remote working solutions to securing cloud computing and handling highly sensitive information."
AP
Alan Platt
CEO at CyberHive
Investor perspective
"Governments and businesses need to be able to take advantage of new technologies with confidence, especially as remote working has become a reality of life for many. Any attack has to be instantly identified to minimise damage. CyberHive is a world leader in this field and 24Haymarket is excited to be supporting its ambitious growth plans, alongside Mercia."
MB
Matthew Bowcock
Investor Director, 24 Haymarket
Use of funds
- 01Accelerate go-to-market
