Funding round success for cyber security provider | Ireland Deals News – Insider Media




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A Belfast-based cyber security provider has completed a £2.4m funding round to accelerate growth plans in the aviation and road transport sectors. 
ANGOKA, which has further offices in London and The Hague, is an internet of things security company focused on protecting machine-to-machine communications for smart cities and mobility.
The funding round introduces London-based 24Haymarket as lead investor joined by GALLOS and new institutional investment from Co-Investment Fund (NI) through Clarendon Fund Managers. 
The business will use the investment to fuel international growth plans, accelerate the design and implementation of bespoke cyber security programmes, and to develop the ANGOKA team. 
ANGOKA Chairman Steve Berry said: “We are growing in order to match the fast moving developments in the cyber security spaces specifically in aviation, transport and the internet of things.
“We have achieved strong and convincing results in live and real world tests and these are consolidating our reputation as leaders in the field.”  
The Belfast company has partnered with a number of projects in the UK Research and Innovation’s Future Flight Challenge including Skyway in which air traffic corridors in the south of England have been designated for drones and unmanned aircraft.
ANGOKA supplies the hacker-proof security for automated, teleoperated and unmanned aircraft using these corridors.  
Paul Tselentis, chief executive of 24Haymarket, said: “Providing secure machine-to-machine communication is key to enabling the development of the next generation of ground and air mobility. We believe ANGOKA can set the standards in securing these mission-critical communications and 24Haymarket is proud to support the ANGOKA in commercialising their cutting-edge technology.”
Dean Jones and Josh Burch, co-founders of GALLOS, said ANGOKA was “an ambitious and fast-moving British cybersecurity company”.
“We're confident the team is building a set of security technology capabilities fit for the coming era of threats and vulnerabilities.” they added.
Chris Trotter, senior investment manager at Clarendon Fund Managers, said: “We are delighted that Co-Fund NI's investment will support ANGOKA’s next stage of growth as it commercialises its technology and enters new markets.”
ANGOKA / Clarendon Fund Managers / Co-Investment Fund NI /
Laurence Kilgannon, Digital News Editor
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