CloudGuard, a Manchester, UK-based cybersecurity startup, received an investment from Praetura Ventures.
NPIF II – Praetura Equity Finance, which is managed by Praetura Ventures as part of the Northern Powerhouse Investment Fund, provided the funds. The amount of the deal was not disclosed.
The company intends to use the funds to expand operations, increasing its workforce from 30 to 50 and strengthening AI research with Manchester universities. The investment will also be used to grow the CloudGuard Cyber Academy, which will provide training and industry experience to talent of all ages and levels, including those seeking their first role in the industry or others who are looking to change careers.
Founded in 2020 and led by CEO Matt Lovell and CTO Javid Khan, CloudGuard specializes in automation and AI-led cyber attack detection, protection and response services to help businesses proactively remove threats in real time. Using advanced AI and automation, the company equips businesses worldwide with the tools and expertise to strengthen their security posture and navigate threats confidently.
FinSMEs
07/11/2024