Cybersecurity continues to be a major area for investment among businesses, and today a startup building solutions for smaller enterprises is announcing a funding round to meet that demand. CyberSmart — a U.K. startup that has built an all-in-one platform providing cybersecurity technology for small and medium businesses, and cyber insurance if things go wrong regardless — has closed a Series B of £12.75 million ($15.4 million).
CyberSmart currently has 4,000 customers in the U.K., with 1,800 of them also taking the company’s insurance policies as well — the tip of the iceberg in a market with 5.5 million small and medium enterprises (SMBs) overall — but Jamie Akhtar, the co-founder and CEO, said there is a lot of interest out there and it’s about meeting that demand right now, so the plan is to use the funding to continue developing its product, to potentially make some acquisitions, and to expand its channel partners, and customers, in its home market as well as further afield in Europe, Australia and New Zealand.
