Cybersecurity firm secures funding to work with local businesses

A cybersecurity firm based in Cheltenham and Gloucestershire has secured funding from Barclays to grow its work with local businesses.

CyNam, which has been working to encourage industry collaboration since 2017, has been awarded funding from Barclays Eagle Labs Ecosystem Partnership Programme.

CyNam says it wants to help local businesses work together to develop and promote new technologies.

Through the Eagle Labs funding, it aims to offer fast-track entrepreneurial programmes, one-to-one mentoring, events and workshops.

Hollie Wakefield, general manager of CyNam, said: “’The Western Gateway’s mapping exercise of the regional ecosystem has already highlighted significant capabilities in cyber security and emerging technologies such as space, ai, agritech, quantum, and semiconductors. However, visibility and connectivity between these clusters remain limited.

“This project will empower CyNam to leverage its established network and expertise to foster collaboration, address the unique security challenges faced by emerging technology startups and attract stronger investment interest to the region. This programme has been designed especially to unlock the capabilities of the locality.”