• The UK was the most active CyberTech country in Europe for the first half of 2022, announcing 28 CyberTech deals or 27% or all deals in the region. The UK is working hard to strengthen their cyber ecosystem and has dedicated £2.6bn via The National Cyber Strategy 2022 which includes incentives and regulation to do so. Currently the government has implemented the General Data Protection Regulation (GDPR) / Data Protection Act 2018 and the Security of Network and Information Systems Directive 2018 to improve cyber security practices.
• RED SIFT, an integrated email security and brand protection platform, was the largest CyberTech deal in the UK during H1 2022, raising a sizeable £40.5m in their latest Series B funding round led by Highland Europe. RED SIFT intends to use the funds to further accelerate its global expansion with plans for a new US headquarters in Texas and growth initiatives across the Asia Pacific, Europe, and Middle East regions. In the last 12 months RED SIFT has more than doubled its annual recurring revenue, grew its customer base to over 700 major brands and launched OnINBOX Remediation, which empowers organizations to quickly resolve phishing emails and increase workforce efficiency.
The data for this research was taken from the FinTech Global database. More in-depth data and analytics on investments and companies across all FinTech sectors and regions around the world are available to subscribers of FinTech Global. ©2022 FinTech Global
