CyberSmart secures $10m Series A funding round
CyberSmart, a cybersecurity technology firm for SMEs, has announced the completion of a over-subscribed Series A funding round, bringing the total raised to over $10m.
Alongside deeptech fund IQ Capital and with the additional support of InsurTech specialist, Eos Venture Partners, and data science focused Winton Ventures, CyberSmart is set to further disrupt the cybersecurity market.
The funding will be used to enhance their product’s capabilities further, invest in channel partnerships as well as scale into the UK and beyond. In this way, playing a fundamental part in the company’s long-term goal to protect and empower SMEs globally.
“The amount of support we have received thus far is humbling, and just goes to show the gap there is in the market for our offering. Cybersecurity solutions are often tailored to large enterprises with extensive teams and resources, whilst SMEs are left behind. With the help of our investors, we are challenging this mentality,” said Jamie Akhtar, CEO and co-founder of CyberSmart. “Staying true to our mission of empowering SMEs to tackle cybersecurity is paramount. As such, despite the overwhelming interest we received from investors, we have been selective in determining who comes aboard as we define this new category for ourselves.”
“We are very excited to partner with Jamie and the brilliant team at CyberSmart. We’ve been impressed by the scalability of the technology, which is helping a fast growing number of SMEs build their digital presence while staying secure”, said Antoine Pechin, Vice President of Winton Ventures. “We also think that CyberSmart can play a key role in developing the SME cyber insurance space.”