London, UK-based cybersecurity seed investment firm AlphaBeta Investments Limited has launched a fund following the close of its round of funding.
High net worth individuals participated in the round. This includes a conditional commitment to make further funds available on achievement of milestone targets.
This capital will be used to maintain operations of AlphaBeta as well as seed investment in cyber security.
Led by Adam Pritchard, CEO, ABI will seek out early stage innovative cybersecurity products for the enterprise and provide seed investment to productize and commercialize the most promising new innovations in network defence and online security.
Deal origination will focus on centers of excellence focused on cybersecurity, computer science and mathematics along with initially targeting the UK to deploy its initial capital.