RazorSecure raises £2.6m from an investor consortium to scale transport cybersecurity operations.
Mainport Innovation Fund II, Wentworth Limited, and Breed Reply backed the Series A financing to support international expansion and team growth.
RazorSecure provides tailored cyber security solutions for the rail industry, protecting rolling stock, signalling, and infrastructure systems. The firm works with major operators and manufacturers to secure modern digital train fleets.
RazorSecure has secured £2.6m in a Series A funding round led by a consortium of international investors. The capital will be deployed to expand the team and drive international growth across Europe and the United States.
The financing was backed by Mainport Innovation Fund II, Wentworth Limited, and Breed Reply. The company intends to scale its headcount significantly from 12 to 27 employees as it targets new markets within the automotive and shipping sectors.
Established in 2015, the firm deploys behavioural analysis technology that monitors normal operational baselines to detect anomalies without requiring constant internet connectivity. This latest injection brings total funding raised to date to over £4m.
From the founder
"2019 was a good year for RazorSecure as we secured great international customers and partners. With the strategic vision and investment of our investors, we aim to more than double the size of our team, and expand our international customer base. We want to take advantage of the incredible growth opportunities we see."
Alex Cowan
CEO at RazorSecure
Use of funds
- 01Grow the team
- 02Expand into international markets
Investors
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About the company
RazorSecure
RazorSecure delivers specialised cyber security detection platforms for the rail sector.