Cytix bags £1.6m to expand disruptive cyber solution

Quick Summary:

A growing cybersecurity company has raised £1.6 million to expand its client base and scale its operations as demand grows for support managing tech defences.

Cytix’s customers span multiple sectors and include the stablecoin FinTech BNVK, medical clinical trials experts Protas and the bot prevention company Netacea as well as Cambridge University’s research and publishing arm, Cambridge University Press & Assessment.

Manchester-based Cytix has raised the money in a round co-led by the NPIF II – Praetura Equity Finance, which is managed by Praetura Ventures and is part of the Northern Powerhouse Investment Fund II.

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Article Details

Author / Journalist: Jonathan Symcox

Category: InvestingBusiness

Markets: United Kingdom

Topics: Cybersecurity Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 06:35:26 (5 days ago)

News Timezone: GMT +8:00

News Source URL: businesscloud.co.uk

Language: English

Article Length: 516 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BusinessCloud

News ID: 22831125

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Official Website: businesscloud.co.uk

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Year Established: 2016

Headquarters: United Kingdom

News Last Updated: 11 hours ago

Coverage Areas: United Kingdom

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