D-RisQ secures £360k from Midven to expand its automated software tools and team
Midven led the seed financing round to support team expansion and product development.
D-RisQ develops automated software tools that enhance system safety across sectors such as aerospace and automotive. The firm is based in Malvern.
Malvern technology company D-RisQ has secured £360k in seed funding from Midven through the Midlands Engine Investment Fund. The capital will support the firm as it expands its team, steps up sales and marketing efforts, and continues developing its automated software verification tools.
Founded in 2012, the company is led by an experienced management team with a background in the defence and aerospace sectors. The new investment is intended to accelerate the firm's transition from a research focus into a commercial supplier of software assurance products.
From the founder
"This investment marks a significant step forward for D-RisQ, enabling us to form a valuable partnership with Midven and the MEIF. The additional finance will accelerate the Company’s growth and provide access to additional business expertise, enabling the transition from a research and development company to a major supplier of automated software development tools."
Nick Tudor
Chief Executive Officer at D-RisQ
Investor perspective
"This is an exciting investment for MEIF, led by a team of experienced and talented individuals. D-RisQ has produced a suite of tools that enable software developers to design and produce software that performs predicted behaviour."
Giovanni Finocchio
Investment Director, Midven
Use of funds
- 01Grow the team
- 02Invest in sales and marketing
- 03Continue product development