Natacea, a Manchester, UK-based cybersecurity firm that helps corporations stop on-line fraud by defending them in opposition to bot assaults, raised additional $4M in funding.
The spherical was led by Mercia Asset Administration.
The corporate intends to make use of the funds to additional prolong its AI roadmap, increase its product vary and proceed its development.
Led by CEO Mick Bradley, Netacea was established in 2022 as a spin-out from the Intechnica Holdings. It has developed an open-source framework that maps each stage of an assault, from advance planning as criminals search methods to breach an organization’s defences to promoting the merchandise or info afterwards. Netacea is growing services to cowl all levels of the assault course of.
The corporate now employs round 60 employees and has a shopper base that features a few of the world’s largest on-line retailers and main manufacturers. It elevated income by 29% within the monetary yr to March 2024 and is on target for continued development within the present yr.
FinSMEs
06/12/2024
