Cyan Forensics completes Series A investment round of over £5m
Cyan Forensics Ltd, a tech company that helps law enforcement, social media and cloud companies find and block harmful content from paedophiles and terrorists, has successfully completed a Series A investment round of just over £5m led by Par Equity.
Lead investor Par Equity is joined in this round by existing investors Mercia, Triple Point, SIS Ventures, Scottish Enterprise and the MacLeod Family Trust. This new round of funding brings Cyan’s support to date to just over £8m and will accelerate Cyan’s ambitious global growth plan over the next two years.
Cyan was founded in 2016 by Bruce Ramsay (CTO), a former police forensic analyst and key member of the research team behind its technology, and Ian Stevenson (CEO). Since it’s inception, Cyan has made considerable impact in UK law enforcement. Cyan Forensics’ tools allow police to find evidence of child abuse or terrorist activity on suspect’s computers in just minutes, replacing processes that previously took many hours and typically happened in a forensics lab weeks or months after an arrest.
Its rapid digital triage technology has been described by the UK Government as “game-changing” tech and has been assessed by the USA’s National Center for Missing and Exploited Children (NCMEC) as “having the power to make a big impact in the fight against online child sexual abuse and imagery”. Cyan Forensics has a contract with the UK’s Home Office to provide their tools to police forces across the UK as part of the Child Abuse Image Database (CAID).
Ian Stevenson, CEO of Cyan, said: “Our technology is already making a significant impact within counter terror and child sexual abuse investigations in the UK, and we’re excited to build on this momentum in mainland Europe and the US. We’ve built a great network of partners to support our ambitious growth plans, and our team will double in size during each of the next two years to support this growth.
“We’re delighted that Par is joining us as a lead investor, and that we continue to attract support from those investors that have backed us since the start. We believe globally we are at an inflection point, and that the UK is at the forefront of online safety tech and has a significant role to play in the global picture. Greater conversation, policy and integrated global change is needed to drive transformative solutions to safeguard online. Cyan is very much at the heart of this picture.”