Melius Cyber has successfully garnered an additional £500,000 investment to boost its cybersecurity platform designed specifically for SMEs.
The Newcastle-based firm, focusing on detecting IT vulnerabilities, aims to create new jobs and advance its CyberSafe platform.
Newcastle’s Melius Cyber has raised an additional £500,000 through the North East Venture Fund, supported by the European Regional Development Fund. This new investment will be pivotal in expanding the company’s capabilities, creating six new positions, and launching an enhanced version of its CyberSafe platform. Melius Cyber’s strategic expansion effort aims to bolster its role in safeguarding SMEs’ digital environments.
The upcoming version promises advanced features, including enhanced reporting, analytics, anti-ransomware capabilities, improved email security, automated alerts, and more. This significant update aims to check over 250,000 vulnerabilities daily, encapsulating Melius Cyber’s commitment to robust cybersecurity solutions tailored for SMEs.
The latest funding round is designed to support the development of a comprehensive security operation centre and a security information and event management solution. These advancements signify Melius Cyber’s ambition to elevate its service offerings and fortify its market position further.
Ian Wilson, fund principal at Mercia, praised Melius Cyber’s progress. He acknowledged the role of CyberSafe in solving critical security challenges faced by SMEs, foreseeing its rise as a leading solution in the market.
The introduction of AI integrations and expanded analytical tools caters to the increasing complexity of cybersecurity demands within smaller business environments, promising Melius Cyber a key role in technological advancements.
The continuous development of CyberSafe positions Melius Cyber as a frontrunner in the cybersecurity industry, aligning with market needs and emerging threats.
The creation of six new jobs fuels both local employment and economic growth, positioning Melius Cyber as a significant contributor to the regional tech ecosystem.
Melius Cyber’s continued innovation and expansion efforts are set to solidify its standing in the cybersecurity industry. The strategic funding and advancements will enhance their capacity to protect SMEs against evolving digital threats.
