A Newcastle cybersecurity business is set to develop its platform on the back of a £350,000 investment.
Melius Cyber has created automated software that helps SMEs detect vulnerabilities in their IT system, monitoring its network around the clock to test its security and protect it from the latest threats. CyberSafe automates the process of vulnerability scanning and penetration testing, in which cyber experts simulate attacks to detect weaknesses in the system.
Now the Kingston Park based business is set to grow after raising £350,000 from the North East Venture Fund (NEVF), supported by the European Regional Development Fund and managed by Mercia. The company’s platform was developed specifically for SMEs and aligns to Cyber Essentials, the government-backed accreditation scheme that shows businesses take cybersecurity seriously. It helps businesses to gain accreditation by showing they have monitoring in place and can meet the criteria.
