Manta Ray is an early-stage venture capital fund backing mission-driven founders addressing significant global challenges through leading-edge technologies.
The investment will support the company as it extends its platform from hardware into software and security operations.
"I've seen ambitious, talented IT specialists, who should have been building scalable systems, end up repacking boxes and wiping laptops with rags, while also trying to solve the problem of a device stuck at the border. Across thousands of companies, this is not an exception. It is an everyday reality. We built Tequipy so IT can supervise the process instead of executing every step of it by hand."
The funding round was led by Northern Gritstone with participation from Amadeus Capital Partners, Manta Ray, Mercia Ventures and NPIF, Mercia Equity Finance.
"Sitehop is proving the critical need for future-proof encryption, demonstrated by our early customer traction globally. As a Sheffield-founded company, this investment from Northern Gritstone supports our mission to grow and scale in the region and build world-leading sovereign encryption capability right here in the UK – meaning we can accelerate international expansion while keeping the UK at the forefront of world-class cybersecurity innovation."
The financing was co-led by Amadeus Capital Partners and Manta Ray Ventures to support international expansion and product development.
"This investment allows us to expand our global reach, with sales and support engineering staff in Brazil, the US, India, and grow our Yorkshire headquarters. We will be adding engineers and production workers and moving into a new Sheffield location. The investment will also enable Sitehop to pursue its technology roadmap – fleshing out the range of SAFE products securing all types of data-in-motion, and developing parallel products using our world-class skillsets in cryptography and programmable hardware design. We aim to get Sitehop’s products into the backbone of most of the world’s networks in the next few years."