£1.6M
Cytix secures £1.6m seed investment from Northern Powerhouse Investment Fund II to expand operations
The round was co-led by the Northern Powerhouse Investment Fund II and Praetura Equity Finance, with backing from Auriga and SFC Capital.
"Automated scanning technologies have transformed the way we identify and remediate most vulnerabilities. However, companies still need to rely on manual penetration testing for certain classes of vulnerability that automated tools can’t detect. This area of the market has remained largely a stagnant and annual process, meaning a proportion of vulnerabilities are left to be detected just once a year. Cytix is here to change that using the latest AI models to bring all testing forward and create targeted testing at scale."