Sun, Dec 22 2024
Birmingham-based CyberQ Group, a cybersecurity company, recently revealed a big financial win: a £1 million venture capital investment.
The Midlands Engine Investment Fund (MEIF), a division of Future Planet Capital Group, spearheaded this round of fundraising through the MEIF West Midlands Equity Fund, which is managed by Midven.
The investment is intended to support the company's ambitions to expand internationally, especially by improving its marketing and sales initiatives. Additionally, it will make it possible for CyberQ Group to devote more funds and resources to meeting the changing needs of its clients and guaranteeing that they have access to cutting-edge cybersecurity solutions.
At the forefront of the cybersecurity sector, CyberQ Group provides a wide range of services aimed at protecting companies from a variety of online dangers. They serve all sizes of organizations with their expertise in threat detection, vulnerability management, and incident response. CyberQ is steadfastly committed to innovation and strives to offer state-of-the-art security solutions that tackle the problems that organizations around the globe are currently and will likely encounter in the future.
"As a Birmingham-based company, CyberQ Group is thrilled to have support from Midven and the Midlands Engine Investment Fund," stated Christopher Woods, CEO of CyberQ Group. Because AI and other new technologies are being used so quickly, cyber security is becoming more and more important for all businesses to prevent data breaches and damage to their reputations. By making this investment, we can fortify our position in the area and expand our ability to protect a larger number of international clients from ever-increasing cyber threats. Working with Midven will be exciting as we move forward with our growth goals.
The excitement was increased when Midven's investment director, Surjit Kooner, emphasized the importance of cybersecurity on a worldwide scale. "Since cybercrime poses a global threat, it is imperative that the issue be tackled on a global scale. With its depth of knowledge and range of offerings, CyberQ Group can greatly improve an organization's cyber-security and provide cyber innovation to enterprises in a number of different industries. We are excited to accompany them on their adventure.
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