ExactTrak, a UK-based cybersecurity firm known for its innovative approach to protecting data and devices, has successfully raised £1m in funding.
This impressive round of funding was jointly contributed by the Ministry of Defence-backed UKI2S defence and security fund, which provided £500,000, and a group of angel investors along with existing backers, according to a report from UKTN.
At its core, ExactTrak is revolutionising the cybersecurity landscape. The company’s flagship product, SmartSafe, offers unparalleled security features including remote physical memory destruction, cyber surveillance, location tracking, and remote data encryption. With 19 patents to its name, including a notable “Mission Impossible” patent for remotely destroying compromised memory, ExactTrak is at the forefront of technological advancement.
The freshly secured funds are earmarked for the development of new cybersecurity tools designed to offer robust protection against the emerging threat of quantum computers.
Norman Shaw, the founder and CEO of ExactTrak, expressed his enthusiasm about the funding, stating, “This investment marks a significant milestone in our pursuit of creating cutting-edge solutions that redefine cybersecurity standards, particularly in the face of quantum computing cyber threats.”
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