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, the category leader in simple and accessible automated cybersecurity technology for small and medium sized enterprises (SMEs), has today announced a record year of growth, marked by a large funding round, headcount and customer growth as well as geographical market expansion.

In addition to completing its Series B funding round in January 2023 with 拢12.75 million, the company鈥檚 revenue has grown by 110% from 拢2 million ARR to 拢4.2 million ARR in the last financial year; expanded its customer base by an additional 1,000 customers across various verticals such as healthcare, retail, education, as well as construction; and recruited extensively from a team of 40 to 60 employees.

This includes the appointment of Vicky Cartwright as Director of Marketing (formerly with Kaspersky), and Mike Aspinall as CFO (formerly with Exonar, Questionmark and Parity Group). With its expansion into聽, and more recently, Australia and New Zealand,聽CyberSmart聽shows no signs of slowing down in its mission to make robust cybersecurity attainable to SMEs worldwide.

Born out of GCHQ鈥檚 cyber accelerator programme in January 2017,聽CyberSmart鈥檚 security聽offering now includes guided processes to government-grade certification, round-the-clock monitoring of an organisation鈥檚 security posture, staff training, and vulnerability scanning.

Additionally, customers can secure free insurance via聽CyberSmart聽partners, Aviva and Superscript, upon certification (i.e Cyber Essentials, Cyber Essentials Plus). The company has also completed a soft launch of its new 鈥楶rivacy Toolbox鈥� product to help SMEs stay on top of GDPR compliance and data protection requirements. All this, at the cost of a cup of coffee, per user, per day.

The value and excellence of聽CyberSmart鈥檚 products and services are reflected in the numerous awards received in the last year alone. This includes winning the SC Awards Europe 2022 for Best SME Security Solution, CompTIA Spotlight Awards 2022 for UK Innovative Vendor, UK IT Industry Awards 2022 for UK Innovation and Entrepreneurship and the Cybersecurity Breakthrough Awards for SMB Cybersecurity Solution of the Year.

Since establishment,聽CyberSmart聽has also nurtured partnerships with several category-leading businesses; not least, Vodafone and Starling Bank. Concurrently, the company serves more than 700 MSPs and distributors, including major players like Exertis, Brigantia, Millgate and Ingram Micro.

What鈥檚 more, in late July last year,聽CyberSmart聽was selected by聽, to take part in a 10-week scale-up acceleration programme that will play a pivotal role in introducing their technology to big corporations across the DACH region.

CyberSmart鈥檚 exceptional success has only continued to attract a wealth of talent who seek to take part in and contribute to the company鈥檚 growth journey. Indeed, Vicky Cartwright has joined the company as Director of Marketing, following a decade of experience as Marketing Director with Kaspersky; while Mike Aspinall was recently appointed CFO, having formerly worked with Exonar,

Questionmark and Parity Group. Certainly, the company has attracted leading and returning investors from IQ Capital, Eos Venture Partners, and Winton Ventures to Oxx, British Patient Capital, Legal & General Capital, and Solano Partners.

“The threat of cybercrime continues to rise, particularly for smaller businesses without the resources or knowledge to protect themselves. However,聽CyberSmart聽continues to go from strength to strength in its mission to protect this underserved market,鈥澛�蝉补颈诲听Phil Edmondson-Jones, partner at Oxx.聽鈥淪ince investing in聽CyberSmart, we鈥檝e been delighted to see the business celebrate a year of rapid growth, begin its expansion into other markets, and refine its聽offer聽to SMEs. And we鈥檙e confident that 2023 will only deliver further growth.”

鈥淲hen I co-founded聽CyberSmart聽in 2017, I went in with the mission of empowering SMEs to future-proof themselves against the ever-evolving cyber threat landscape. It is humbling to see how far we have come since our days coding as part of the GCHQ Accelerator Programme, and the number of businesses we are supporting today both in the UK and beyond,鈥澛�蝉补颈诲听Jamie聽Akhtar, CEO and co-founder of聽CyberSmart.聽鈥淚 am grateful to our growing team and all of our investors who are walking alongside us on this journey and look forward to seeing what we can achieve in the year ahead.鈥�