The funding round introduces London-based 24Haymarket as lead investor joined by GALLOS and new institutional investment from Co-Investment Fund (NI) through Clarendon Fund Managers.
The firm will use the investment to fuel international growth plans, accelerate the design and delivery of bespoke cyber security programmes, and to develop the ANGOKA team.
ANGOKA Chairman Steve Berry says the new investment is well timed.
“We are growing in order to match the fast moving developments in the cyber security spaces specifically in aviation, transport and the internet of things,” says Mr Berry.
“We have achieved strong and convincing results in live and real world tests and these are consolidating our reputation as leaders in the field,” he says.
The Belfast firm has partnered with a number of projects in the UK Research and Innovation’s Future Flight Challenge including Skyway in which air traffic corridors in the south of England have been designated for drones and unmanned aircraft. ANGOKA supplies the hacker-proof security for automated, teleoperated and unmanned aircraft using these corridors.
Paul Tselentis, CEO of 24Haymarket says: “Providing secure machine-to-machine communication is key to enabling the development of the next generation of ground and air mobility. We believe ANGOKA can set the standards in securing these mission-critical communications and 24Haymarket is proud to support the ANGOKA in commercialising their cutting-edge technology”
Dean Jones and Josh Burch, co-founders of GALLOS, says: “We’re thrilled to be backing ANGOKA, an ambitious and fast-moving British cybersecurity company. We’re confident the team is building a set of security technology capabilities fit for the coming era of threats and vulnerabilities. We’re happy too to be backing a company which was selected previously for the NCSC’s cyber accelerator programme.”
Chris Trotter, Senior Investment Manager at Clarendon Fund Managers said “We are delighted that Co-Fund NI’s investment will support ANGOKA’s next stage of growth as it commercialises its technology and enters new markets. ANGOKA’s innovative cyber security solutions are developed in Northern Ireland, benefiting from the diverse range of technology talent available locally.”
“ANGOKA’s innovative technologies are unique to remotely operated vehicles and drones that are used for commercial and logistic purposes, including unmanned medical deliveries, site inspections, geographical surveys, search and rescue operations, and emergency services support,” adds Mr Berry.
“Our company’s role in ensuring the robustness and security of the communications between connected devices is central to the successful, safe and secure operation of automated, teleoperated and unmanned aircraft,” he says.
“We are moving faster than ever towards the commercialisation of automated flight across many sectors ranging from search and rescue to logistics and traffic management,” he says.
Earlier this year, ANGOKA won two awards at the 2022 ITS European Congress in Toulouse. The company picked up the Technology Innovation and Top Start Up awards.
“We were thrilled to be recognised again this year for our cutting-edge solutions,” says Mr Berry. “This is a particularly competitive field in which some of the best brains create extraordinary technologies in the mobility space, so we are very thankful to the judges for acknowledging the ANGOKA team’s fantastic work.”
ANGOKA Chairman Steve Berry
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