Coventry University spinout to join government cyber security centre
CyberOwl, a Coventry University spinout, has been named as one of the 10 businesses selected to join a new government £13.5m funded flagship cyber security centre.
CyberOwl, founded in February 2016, and backed by Mercia Fund Managers, will be joining the London Office for Rapid Cyber Security Advancement (LORCA) which has been set up to showcase those companies that are solving critical cyber security challenges, and will help to position the UK as a global leader in the cyber security industry.
As the threat of cyber attack on smart cities and critical infrastructure grows, CyberOwls Medulla platform uses advanced analytics to monitor the levels of risk, identify the indicators of an attack and set out clear priorities for tackling them.
Dan Ng, the CEO of CyberOwl said:”The UK is repeatedly being recognised as a world leader in cyber innovation. As a foundign member of LORCA , CyberOwl will be at the heart of this movement and global cyber centre of excellence. This gives us a global platform to showcase the game changing work we doing to shift organisations towards a risk based and data driven approach to cyber resilience.”
CyberOwl was also chosen for the first cohort of the GCHQ Cyber Accelerator programme in 2017 and was recently selected as one of the 13 finalists in the UK’s Most Innovative Small Cyber Companies Contest.
Alistair Forbes, Head of Software and the Internet at Mercia Fund Managers said:”Being selected for LORCA is further recognition of CyberOwl’s potential. Its technology is designed to deal with vast amounts of data and provides clarity in cases of attack by helping security professionals know ‘which fires to out out first.’ Participation in LORCA will be an excellent opportunity to forge nw relationships that will help to accelerate the development and growth of the company.”
LORCA was formally launched last month by the Digital Secretary Matt Hancock, and is based in the Olympic Park at Stratford, in east London.
