Manchester-based Cybersecurity start-up CloudGuard has received a substantial financial boost from the Northern Powerhouse Investment Fund II (NPIF II). The multi-million-pound investment was provided by NPIF II – Praetura Equity Finance, which is managed by Praetura Ventures under the Northern Powerhouse Investment Fund initiative.
Established in 2020, CloudGuard specializes in using artificial intelligence to automate the detection, prevention, and response to cyber threats in real-time. Their innovative technology equips businesses with dynamic and proactive cybersecurity defences.
The new funding will support CloudGuard’s expansion efforts in Manchester, including increasing its team size from 30 to 50 employees. Additionally, the investment will advance the company’s AI research capabilities, further enhancing its cybersecurity solutions.
