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Cybersecurity start-up secures £1.8m in new funding

cyberowl apr 30

From left to right: David Baker, Mercia, with Daniel Ng and Ken Woghiren, CyberOwl.

Cybersecurity start-up CyberOwl has secured £1.8 million in funding to help develop its cybersecurity solution for the shipping and maritime industries.

{mprestriction ids="1,2"} Birmingham-based CyberOwl alerts companies to cybersecurity breaches in ships, ports, industrial plants and infrastructure before they occur. The company also advises on how to deal with cyber threats.

The firm has received funding from 24 Haymarket, Mercia, and the Midlands Engine Investment Fund (MEIF).

The company was founded in 2016 as a Coventry University spinout, has been working with maritime operators in Greece, Singapore and Asia.

CEO of CyberOwl, Dan Ng, said: “The world may be adjusting to a new reality but cyber attackers have had years of experience in remote working and thrive in chaotic environments like this. The COVID-19 crisis will put even greater pressure on maritime operators to manage their cyber risks.

“This round of investment puts us in a strong position to help them continue to secure their systems and comply with security standards.”

David Baker, investment manager with Mercia, added: “Mercia has supported CyberOwl from the early days and we are pleased to do so once again in this latest funding round. CyberOwl has made real progress in generating interest from businesses in the past year and is emerging as a leader in cybersecurity for the maritime industry.” {/mprestriction} 

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