TLDR:
Key Points:
- CyberQ Group secures £1m MEIF investment for global expansion in cybersecurity sector
- Funding round led by Midlands Engine Investment Fund to enhance sales, marketing, and technology
Article:
CyberQ Group, a cybersecurity firm based in Birmingham, has recently announced a significant financial boost, having secured £1m in venture capital investment. The funding round was led by the Midlands Engine Investment Fund (MEIF) through the MEIF West Midlands Equity Fund, managed by Midven, a component of the Future Planet Capital Group. This investment will support CyberQ Group’s global expansion efforts and enhance its sales, marketing, and technology to meet the evolving needs of customers.
The company offers an extensive portfolio of cybersecurity services, including threat detection, vulnerability management, and incident response, catering to businesses of all sizes. With a focus on innovation, CyberQ aims to provide cutting-edge security solutions to address current and future challenges faced by businesses worldwide.
CyberQ Group CEO Christopher Woods expressed excitement about the investment, emphasizing the importance of cybersecurity in the rapidly advancing digital landscape. The investment will enable the company to defend more global clients against escalating cyber threats and accelerate its growth plans.
Surjit Kooner, investment director at Midven, highlighted the global nature of cybercrime and the importance of addressing cybersecurity threats on a global scale. He emphasized CyberQ Group’s potential to enhance cybersecurity for businesses across various industries and deliver cyber innovation worldwide.
The partnership between CyberQ Group and the Midlands Engine Investment Fund underscores the growing importance of cybersecurity in today’s interconnected digital world. By leveraging this investment, CyberQ Group is poised to strengthen its position in the cybersecurity sector and expand its reach to protect businesses from evolving digital threats.
