Elemendar secures £680k in seed funding led by Newable Ventures
Newable Ventures led the £680k seed round to support customer acquisition for the cyber security firm.
Elemendar develops artificial intelligence and automation technology designed to process, analyse and translate human-authored cyber threat intelligence. The company aims to narrow the delay in defending organisations against emerging digital threats.
Elemendar has secured £680k in its first institutional funding round. The investment was led by Newable Ventures.
The capital will support the company as it brings its cyber threat intelligence technology to a broader customer base, enhancing defence capabilities against emerging online threats.
The firm achieved this milestone despite the difficult economic climate of 2020, acknowledging the collective efforts of its eleven team members in driving product development and customer engagement.
Use of funds
- 01Continue product development