Maven Capital Partners invested £1.5 million in Blueskytec, a cybersecurity hardware specialist funded by the British Business Bank's South West Investment Fund. Blueskytec designs hardware-based cyber protection for mission-critical systems in various sectors, utilizing patented technology for enhanced security. The investment aims to support expansion, including hiring and manufacturing improvements, amidst rising cyber threats. Blueskytec's solution addresses unique vulnerabilities in operational technology, complementing existing infrastructure and responding to regulatory demands for better cyber resilience. The market demand for enhanced cyber assurance is significant due to increasing threats and regulation.
Blueskytec develops high-grade, hardware-based cyber protection designed for mission-critical systems in sectors such as defence, civil nuclear and energy.
The funding will support Blueskytec's expansion as it moves towards full-scale deployment with leading industrial partners, including plans to recruit additional staff and boost manufacturing capacity.
Rafi Khan stated that Blueskytec has developed a cybersecurity solution that addresses a critical gap in the market amid a rapidly expanding threat landscape.
Lizzy Upton emphasized that cyber resilience is a critical priority for businesses.
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