Wolverhampton cybersecurity firm secures global investment
A Wolverhampton cybersecurity company has received $1.7m in investment from two global angel groups.
Goldilock secured funding in a seed round from Harvard Business School Alumni Angels of Greater NY (HBSAANY) the largest angel network in New York, with more than 350 members that have invested in 130 early-stage companies and New York Angels (NYA) whose members have fueled 300 companies with $160m.
Founded in 2020, Goldilock established research and development facilities in the West Midlands a year later and has since undergone incubation through the UK’s National Cyber Security Centre’s joint NCSC For Startups program with Plexal, as well as the Ministry of Defence’s Defence and Security Accelerator, and various other programs including Hub71 in the United Arab Emirates and TechUK.
KPMG has invited the firm to its prestigious Global Unicorn Program, whilst the UK’s National Cyber Security Centre recognised Goldilock as one of five start-ups chosen to help address the persistent threat of ransomware attacks.
Goldilock’s solution Drawbridge is based on the premise that the only thing truly safe on the internet, paradoxically, is something not on the internet. This means delivering physical connection and disconnection of assets fast and conveniently, in a manner not controlled over the internet – a kill switch or isolator to help organisations mitigate and contain cyber-attacks.
As a member of both investor groups, Tom Hirschfeld said: “In an increasingly dangerous and digital world, the cyber commands of countries such as the US, UK and Singapore are recommending or requiring that critical national infrastructure be kept physically offline whenever possible. Simultaneously, companies with sensitive digital assets need the ability to isolate those assets instantly, at the first sign of a network intrusion.
“Goldilock’s Drawbridge technology delivers an unbreakable hardware-based cyber defence solution. Based on our extensive due diligence, we believe that Goldilock’s DPNS approach (Dynamic, Physical Network Segmentation) delivers a level of safety unmatched by any other solution on the market.”
Goldilock CEO and Founder Tony Hasek added: “Goldilock’s Drawbridge is a critical enhancement to any network’s security. It empowers organisations to respond to cyber threats immediately, remotely and without using the internet. By enabling rapid and true physical containment of attacks, Drawbridge protects critical assets – be they systems or data – mitigates operational disruptions and ensures compliance, while enhancing cybersecurity posture and resilience.”
Goldilock will use the proceeds of this financing round for sales and marketing of already commercially available products, as well as building a worldwide MSSP partner and Security Vendor channel network.
