CyberQ Group, a cybersecurity firm based in Birmingham, has recently announced a significant financial boost, having secured £1m in venture capital investment.
This funding round was led by the Midlands Engine Investment Fund (MEIF) through the MEIF West Midlands Equity Fund, which is managed by Midven, a component of the Future Planet Capital Group.
The investment is earmarked to facilitate the firm’s global expansion efforts, particularly by enhancing its sales and marketing activities. Moreover, it will allow CyberQ Group to allocate additional resources and technology to meet the evolving needs of its customers, ensuring they are equipped with state-of-the-art cybersecurity solutions.
CyberQ Group stands at the forefront of the cybersecurity industry, offering an extensive portfolio of services designed to safeguard businesses against a myriad of digital threats. Their expertise spans threat detection, vulnerability management, and incident response, catering to organisations of all sizes. With a firm commitment to innovation, CyberQ aims to provide cutting-edge security solutions that address the current and future challenges faced by businesses worldwide.
CyberQ Group CEO Christopher Woods said, “As a Birmingham-based business, CyberQ Group is delighted to be supported by Midven and the Midlands Engine Investment Fund. With the rapid adoption of new technology and AI in particular, cyber security is increasingly vital for all businesses to avoid data breaches and reputational harm. This investment strengthens our roots in the region and allows us to scale up to defend many more global clients against escalating cyber threats. We look forward to working with Midven as we accelerate our growth plans.”
Adding to the enthusiasm, Surjit Kooner, investment director at Midven, highlighted the global imperative of cybersecurity. “Cybercrime today is a global problem, and the threats that this ultimately brings, must be addressed globally. CyberQ Group has a breadth of experience and services that has the potential to significantly enhance the cyber-security of businesses and deliver cyber innovation to organisations across a variety of industries. We are looking forward to being a part of their journey.”
Keep up with all the latest FinTech news here
Copyright © 2024 FinTech Global
