CYBERNewsbyte: CloudGuard Secures Major Funding to Drive AI-Enhanced Cybersecurity

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Gibraltar: Friday 8th November 2024 at 11:10 CET

LATEST SME CYBER NEWS: CloudGuard Secures Major Funding to Drive AI-Enhanced Cybersecurity Expansion
By: Iain Fraser – Cybersecurity Journalist
CYBERInsights – First for SME Cybersecurity News
#CyberInsights #CyberSecurity #CyberMedia #CyberAwareness #SME #SmallBusiness #smallbusinessowner #Cloudguard

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.

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