Cybersecurity startup Geordie exits stealth with £5.1 million seed funding
Geordie, a new London-based company that has developed a security platform for AI agents, has come out of stealth with £5.1 million in seed funding. It aims to provide enterprises with a way to safely adopt AI agents. According to a survey by EY, nearly 90 per cent of enterprise leaders have identified obstacles to […]
Cybersecurity firm Naq secures £5.1 million to support health tech companies
Naq, a cybersecurity company based in London, UK and the Netherlands, has secured £5.1 million in Series A funding, to help health technology companies meet cybersecurity standards for the NHS and wider healthcare sectors. Naq stated that the funds will be used for product development on its compliance platform, with the goal of incorporating more […]
UK Government announces AI assurance roadmap as investment reaches new records
The UK government has revealed a new AI assurance roadmap, following a year that saw record private investment in British AI firms. According to new figures, £2.9 billion in private funding was secured last year, with average deals worth £5.9 million. AI firms in the UK now contribute £11.8 billion to the economy, double the […]
Lakeside Software makes three new executive appointments
Lakeside Software, a US digital employee experience company with a UK base in London, has appointed three new executives to its leadership team: Oli Giordimaina as Chief Product Officer, Brian Curran as Chief Financial Officer, and Tal Klein as Chief Marketing Officer. The appointments are part of the company’s plan to expand globally and reinforce […]
ThreatSpike appoints former Darktrace global head of sales as investor and advisor
London-headquartered cybersecurity company ThreatSpike has appointed Katie Newton, formerly the global head of sales at Cambridge-based Darktrace, as an investor and advisor. Newton joins the company following a £10.4 million Series A funding round and will work with ThreatSpike’s go-to-market teams to accelerate the startup’s global expansion. Newton has ten years of leadership experience, including […]
Red Helix acquires London-based cybersecurity consultancy, Risk Crew
Red Helix, a cybersecurity company located in Aylesbury, has purchased the security consultancy firm Risk Crew. The acquisition, backed by investor LDC, is part of Red Helix’s strategy to expand its services and pursue acquisitions. Based in London, Risk Crew offers services to businesses across the UK and Europe, including information and security governance, risk […]
Jim Joudry joins software provider, UKG, as new Chief Technology Officer
UKG, a provider of HR, payroll, and workforce management software with offices in London, has appointed Jim Joudrey as its new Chief Technology Officer to oversee more than 4,000 employees globally. Joudrey brings over two decades of experience directing large engineering and technology teams at major software companies to the role. Joudrey’s previous jobs include […]
Colt Technology Services confirms data theft after ransomware attack
Colt Technology Services, which has a UK headquarters in London, has confirmed that customer documentation was stolen following a ransomware attack on 12 August. The British network services provider’s admission occurred after the Warlock ransomware group began auctioning what it claims are one million documents on the Ramp cybercrime forum for £149,000. The stolen documents […]
Haylo Labs acquires Plessey Semiconductors for over £100m
As part of its acquisition of Plymouth-based UK tech firm, Plessey Semiconductors, London’s Haylo Labs has pledged to invest over £100 million in the UK within the next five years. This investment is intended to expand Plessey’s manufacturing capabilities and develop its workforce. The deal is expected to reinforce the UK’s position in immersive computing […]
Startup Phoebe raises £12.6m to build an immune system for software
Phoebe, a London-based company, has secured £12.6 million in seed funding from GV and Cherry Ventures to develop its AI-based platform. The company’s platform uses AI agents to monitor and react to live system data, diagnosing issues and generating code and infrastructure changes to resolve them. This comes as the cost of software outages continues […]