CYJAX secures £345k from Oxford Innovation Finance to expand its commercial teams.
The funding will support the growth of sales, marketing, and customer success operations.
Share allotment filed at Companies House
CYJAX provides tailored cybersecurity solutions and threat intelligence platforms to help organisations defend against digital risks.
CYJAX has secured £345k in funding from Oxford Innovation Finance to support its next phase of growth. The investment, provided through the EIS Growth Fund 3 and OION Angel Network, will be directed towards expanding the company sales, marketing, and customer success teams.
The company operates a SaaS platform named Cymon, which automates the collection and scanning of customer data to deliver actionable intelligence against digital threats such as ransomware and phishing. The technology is supported by a team of analysts who assist business leaders with resource allocation and operational resilience.
Kevin McMahon, CEO of CYJAX, noted that the capital arrives at a critical time as threat intelligence becomes increasingly central to corporate defence strategies. Richard Cooper, Managing Director at Oxford Innovation Finance, highlighted the firm's strategic positioning within the growing cybersecurity market.
From the founder
"Threat intelligence is increasingly important in cyber defence and this initiative amplifies CYJAX’s mission to safeguard organisations globally from evolving cyber risks. Our unique threat intelligence platform, Cymon®, works continuously to discover and track known and unknown cyber threats targeting our customers, equiping them with higher visibility while achieving their security objectives. This new funding will help to drive business growth in a digital landscape where proactive cybersecurity measures are imperative."
Kevin McMahon
CEO at CYJAX
Investor perspective
"As the global market for cybersecurity solutions grows, CYJAX’s strategic positioning and innovative approach make them a key player in the defence against cyber threats. Their innovative platform provides businesses with tactical recommendations for deploying the most relevant security measures and enhances the protection of valuable assets. We look forward to supporting CYJAX as they continue to grow."
Richard Cooper
Managing Director, Oxford Innovation Finance
Use of funds
- 01Invest in sales and marketing
- 02Grow the team