ExactTrak, a UK-based cybersecurity company, raised £1M in funding.
The round included a £500k investment from UKI2S’s £18m MOD-backed defence & security seed (D2S) fund alongside several angel investors including major existing backers.
The company intends to use the funds to further develop its post-quantum cyber threat solution.
Led by CEO Norman Shaw, ExactTrak is a cybersecurity company providing innovative solutions that transcend sectors, safeguarding government and commercial sector data alike. By emphasising built-in hardware as opposed to conventional software solutions, ExactTrak effectively eliminates traditional cyber threats, ensuring a comprehensive defence mechanism that transcends the limitations of standard software-based approaches. The company, which has 19 granted international patents, has strategically collaborated with Dell, leveraging technical support and forging pathways for remote management within laptops that operate independently, further enhancing their capability to meet evolving cybersecurity needs in the defence, security and commercial sectors.
Commenting on the news, Norman Shaw said: “This investment marks a significant milestone in our pursuit of creating cutting-edge solutions that redefine cybersecurity standards, particularly in the face of quantum computing cyber threats. Our mission is to transform the industry by ensuring the utmost security for government and commercial sector customers alike.”
FinSMEs
23/02/2024