British cybersecurity firm, Goldilock, announced today that it has secured a significant investment and the backing of well-known US angel investors.
The company, which has been making waves with its innovative approach to cybersecurity, garnered $1.7m in a seed round. The funding was led by two renowned investor groups, Harvard Business School Alumni Angels of Greater NY (HBSAANY) and New York Angels (NYA).
Since its launch in 2020, Goldilock has swiftly emerged as a leading cybersecurity innovator in the UK. The company’s flagship solution, Drawbridge, operates on a counterintuitive yet highly effective principle: the safest thing on the internet is something that isn’t online. Drawbridge offers a physical connection and disconnection mechanism for assets, effectively acting as an internet-independent kill-switch or isolator. This design helps organisations quickly contain and combat cyber threats.
In its brief history, Goldilock has established R&D facilities in the West Midlands and has benefited from several high-profile incubation and acceleration initiatives. Notably, these include the UK’s National Cyber Security Centre’s joint programme with Plexal, the Ministry of Defence’s Defence and Security Accelerator, and collaborations with entities like Hub71 in the United Arab Emirates and TechUK.
Tom Hirschfeld, a member of both investor groups, offered his thoughts: “In an increasingly dangerous and digital world, the cyber commands of countries such as the US, UK and Singapore are recommending or requiring that critical national infrastructure be kept physically offline whenever possible.
“Simultaneously, companies with sensitive digital assets need the ability to isolate those assets instantly, at the first sign of a network intrusion. Goldilock’s Drawbridge technology delivers an unbreakable hardware-based cyber defence solution. Based on our extensive due diligence, we believe that Goldilock’s DPNS approach (Dynamic, Physical Network Segmentation) delivers a level of safety unmatched by any other solution on the market.”
Goldilock CEO and Founder Tony Hasek added: “Goldilock’s Drawbridge is a critical enhancement to any network’s security. It empowers organisations to respond to cyber threats immediately, remotely and without using the internet. By enabling rapid and true physical containment of attacks, Drawbridge protects critical assets – be they systems or data – mitigates operational disruptions and ensures compliance, while enhancing cybersecurity posture and resilience.”
Lastly, Goldilock intends to use the funds from this seed round to bolster its sales and marketing efforts, particularly for its commercially available products. The company’s primary focus is on establishing a premier global MSSP partner and Security Vendor channel network.
Keep up with all the latest FinTech news here
Copyright © 2023 FinTech Global
