ZoneFox, an Edinburgh, Scotland, UK-based cybersecurity software specialist, closed a £3.6m Series A funding round.
The round was led by Archangels, a Scottish business angel investment syndicate, with co-investment from The Scottish Investment Bank, and TriCap.
The company, which had raised £2.5m in seed funding, intends to use the capital to grow the business over the next year and beyond via continued product development and innovation. ZoneFox will triple its headcount to 30 staff by the end of 2017, move into a new HQ in Edinburgh and also open a London office, where an extension of its sales and tech team will be based.
Founded in 2010 and led by CEO Dr Jamie Graves, ZoneFox provides businesses across the financial, pharma, gaming and other business sectors with security systems fighting insider threats via rapid insights that allow security teams to see where business-critical data is going, who is accessing it and who is doing things with it they shouldn’t be – either accidentally or maliciously – without impacting on endpoints or user privacy.
The company recently launched a new machine based learning solution, called ZoneFox Augmented Intelligence (AI), which is targeted at a wide range of business sectors.
Customers currently include healthcare firm Craneware, Zenith Bank and gaming giant Rockstar Games.