Intechnica, a Manchester, UK-based technology business focused on fight against cyber bots, raised £2.85m in funding.
The round was led by Mercia. £2.0m came from NPIF – Mercia Equity Finance, which is managed by Mercia Fund Managers and part of the Northern Powerhouse Investment Fund. An additional £750k was invested by Mercia Technologies PLC and £100k by existing private investors as part of the funding round.
The company intends to use the funds to grow its cyber security division, Netacea, in the UK, North America and other international markets, and expand its consultancy services.
Founded in 2006 by Jeremy Gidlow and Andy Still, Intechnica offers services including digital transformation, technical due diligence for investors or corporate finance advisers, and a new Data Science as a Service (DSaaS) offering, while Netacea protects companies from automated bot threats, such as account takeover, using machine learning to prioritise genuine human traffic.
Clients include major retailers such as Hobbs, Ted Baker, Ao.com, Cath Kidston and Nisa.