According to the World Economic Forum, the cybersecurity market continues its meteoric ascent with a significant increase in cybercrime damages. Furthermore, the “Global Risks Report 2020” states that cybercrime will be the second most concerning risk for global commerce over the next decade.
Raised £18 million
Based out of Chelmsford, the UK, Glasswall protects organisations from file-based threats and is a recognised leader in the field of content, disarm, and reconstruction (CDR). Recently, the company has secured £18 million funding in additional equity capital to finance its continued expansion.
Who backed Glasswall?
The round was led by IPGL, Lord Spencer’s private investment group, and several other high net worth investors including, Lord Rose, Chairman of Ocado, Lance Uggla, Chairman and CEO of IHS Markit, and Andy Bell, founder, and CEO of AJ Bell.
How will the funding be used?
The proceeds will be invested in advancing Glasswall’s next stage of growth with a focus on product development, engineering, sales, and marketing.
Protects against complex file-based threats.
Glasswall uses patented technology, which has been validated and is deployed by intelligence agencies around the world, to create safe, clean, and visually identical files.
By analysing and regenerating files in real-time, Glasswall gives organisations protection against even the most persistent and complex file-based threats.
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