Transport cybersecurity provider Angoka, based in Belfast, Northern Ireland, has completed a £2.4m funding round.
London-based 24Haymarket is lead investor, along with Gallos and new institutional investment from Co-Investment Fund (NI) through Clarendon Fund Managers.
Angoka will use the investment to fuel international growth plans, accelerate the design and delivery of cybersecurity programmes, and to develop the its team.
“We are growing in order to match the fast moving developments in the cybersecurity spaces specifically in aviation, transport and the Internet of Things,” says chairman Steve Berry.
It is involved in several projects with the UK Research and Innovation’s Future Flight Challenge, including supplying hacker-proof security for Skyway, in which air traffic corridors in the south of England have been designated for drones and unmanned aircraft.
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."
Angoka was among the companies which won the European Start-Up Prize for Mobility at the ITS European Congress in Toulouse, France, earlier this year.
Chris Trotter, senior investment manager at Clarendon, says: "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."
“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,” concludes Berry.
