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equityEquity
Capital at risk
£2.0m
Valuation
20.0%
Equity share
EIS
SEIS
Capital at risk
EIS
SEIS
Amount
£
ownership
Minimum investment is £5,000
SEIS Tax Relief
£
Ownership share

Cyberlytic created Cyber Threat Profilerâ„¢, an innovative software solution which complements existing network security components to provide real-time risk assessment and prioritise security alerts. Benefiting from a strong political support, Cyberlytic has been endorsed by the UK government and David Cameron himself. Recent activity has proven existing traction thanks to powerful partners, like The Home Office or the Centre of Secure IT of Queen's University in Belfast.

Developed for the UK Ministry of Defence, our software provides real-time expert decision support for security teams by prioritising high-risk cyber attacks for critical infrastructure.

The volume and sophistication of cyber attacks is growing at an alarming rate. Government and large businesses are subject to constant and simultaneous cyber attacks from multiple threat actors, of varying skill and capability.

Consequently, keeping pace with security breaches is now a major challenge. According to the 2014 Information Security Breaches Survey prepared by consultants PWC for the UK Government's Department of Business Innovation and Skills, over 80% of large organisations reported having experienced a cyber security incident in the previous year. The research found that 55% of large businesses were attacked by an unauthorised outsider during the year, and 73% of large organisations, including those in the public sector, suffered a virus infection or a malware incident.

It is clear that organisations can no longer accept conventional security controls to protect against the growing cyber threat. Highly sought after security experts are required to keep on top of the attacks, using their judgment and experience to prioritise the organisation's response. It is their job to avert potentially catastrophic attacks.

However, the number of suitably qualified and experienced security experts are not able to increase proportionately with the fast changing cyber world. The answer is not to recruit more experts to handle the increasing workload, but instead use technology force multipliers to reduce the analytical burden and increase staff efficiency. Organisations will only be able to reduce the risk from cyber attacks with the use of sophisticated security controls to monitor, understand and ultimately prevent these attacks.

Cyberlytic has developed the Cyber Threat ProfilerTM, an adaptive, expert learning and decision support tool, which utilises the latest artificial intelligence and heuristic techniques to analyse and manage the risk that any malicious activity may bring to an organisation's network. It provides an effective suite of decision support tools to exploit a range of cyber threats, providing intelligent security risk assessments. The tool compliments security experts and existing network security components, removing the need to increase human resources to manage the increasing situational awareness requirements of responding to malicious activity on the network.

“The UK is already leading the way in cyber security and this government is committed to ensuring it continues to be a leader in this multi-billion dollar industry. That's why (…) I'm showcasing some of the leading UK cyber security companies, including Cyberlytic from London, who will have the chance to meet investors and build their business in the US” (David Cameron, 16th January 2015).

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Equity - product type
Maximum
£ 400k
Raised
£ 0
Investors
0
Est close date
Completed

Where will the funds go?

Key people

Stuart Laidlaw
Founder and CEO
St. John Harold
Founder and CTO
Stuart Churchill
Operations Manager

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Business brand

EC2V, UK

"Developed for the UK Ministry of Defence, our software provides real-time expert decision support for security teams by prioritising high-risk cyber attacks for critical infrastructure."

Business stage
Startup
Incorporated
11 years, 7 months
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Risk warning

Past performance and forecasts are not reliable indicators of future results. Your capital invested is not covered for compensation in the event of a loss by the FSCS. Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.