Conviction Venture Capital invests in early stage post revenue B2B SaaS businesses across Europe.
Transatlantic venture capital firm Beringea led the financing round, which will fund team expansion and artificial intelligence development.
"For too long, procurement has been an opaque practice conducted on outdated technologies like email and ERP systems. We want to bring true visibility to the supply chain, so companies can analyse, compare, and understand the suppliers they use, because only with this kind of transparency can procurement become fully auditable and sustainable."
The Manchester-based cyber security platform raised £3m from backers including Senovo and Passion Capital.
"We successfully gain access to organisations’ data and systems every time and it’s almost always as a result of human behaviour or error. As an example, multi-factor authentication (MFA) is often touted as a key cyber defence – yet we find that an average of 32% of employees accept MFA authentication requests sent by attackers, essentially opening the door for them. The traditional awareness training approach simply doesn’t improve behaviours like this – hacking people is still too easy."
