Cyan Forensics has secured a further £1.3m from a consortium of investors. The funding, which has come from Triple Point Investment Management, Mercia, SIS Ventures, the Scottish Investment Bank and private investors, will support Cyan Forensics’ expansion and allow us to target new markets in Northern Europe. This new funding follows the recent contract with the UK’s Home Office, which will see the company's technology being used by the Child Abuse Image Database (CAID) and rolled out to police forces nationally. The latest funding round brings the total raised so far to £2.8m.
Cyan Forensics delivers tools that place the investigative capability of cutting-edge digital forensic science into the hands of frontline policing. Its technology has been proven on-the-ground by international law enforcement, and builds on research from Edinburgh Napier University. The digital analysis tool can find terrorist handbooks or child sexual abuse material on devices within minutes, minimizing forensic analysts’ time and allowing police to make decisions quickly and confidently. It can also help social media companies and cloud providers to find and block harmful content.
“We’re excited to have raised the funds which will now allow Cyan Forensics to deliver the next stage in our significant growth plan. We’re grateful to our existing investors for their continued confidence and support, and delighted to welcome the new investors joining us on this journey. A key focus will be expanding our reach within the UK as a result of our partnership with the Home Office and into international markets,” said Ian Stevenson, CEO of Cyan Forensics.
Provided by Cyan Forensics