UK cyber security firm, Garrison, secures £22.9M backing from UK investors
Garrison has raised £22.9 million in additional funds from London-based investors, in order to accelerate it’s development of national security grade technology for commercial use.
Garrison — founded in 2014 by David Garfield and Henry Harrison — provides ultra-secure web browsing technology.
The company’s unique technology enables users to access any content on the web without risk of exposing their organisation to the increasing threats posed by cyber attacks.
Commenting on the round, Dawn Capital partner, Norman Fiore said: “Garrison is taking a radically different approach to security by moving beyond the previous threat-detection paradigm. We see a significant opportunity for Garrison to bring its military-grade technology to major commercial institutions and fundamentally reduce the threat posed by their employees’ everyday web browsing. We’re delighted to support the business in the next phase of its growth.”
Instead of relying on a traditional threat detection-based model, the cyber security firm uses a revolutionary technique to ‘place a gap at the most fundamental electronic level between the internet and the end-user’s device’. This means that malicious web content never comes into contact with the user or their organisation’s IT systems.
Government and military customers have been among the first to use and benefit from the technology. Thanks to the funding, in part, it is now being adopted by mainstream commercial organisations due to its affordability and the increasing cyber threat they are facing.
The round was led by Dawn Capital, investors in London-based Mimecast, the NASDAQ-listed email security company that is today valued at $2.1 billion, and brings the total raised by Garrison to more than $50 million at prevailing exchange rates, all from London-based investors.
“Organisations today recognise the ever-growing threat to their most sensitive data and systems posed simply by allowing employees to browse the web, but until now they’ve faced an unhappy choice: restrict web access and allow productivity to suffer, or run the risk of exposure to hackers,” said Garrison CEO David Garfield. “We’ve designed the world’s first truly secure web browser to solve this problem, applying national-security-grade levels of protection to the commercial environment – at an accessible price point – in a way that doesn’t destroy the user experience as employees go about their work.”
“The security industry has long suffered from overblown claims and over-inflated prices, without ever ensuring organisations remain truly protected from even some of the most basic threats – this is particularly true of web browsing security,” continued Garfield. “From day one our mission has been developing practical security tools that actually do what they’re supposed to. This funding round marks a key milestone for our business and will help us to transform the day-to-day security of many thousands more organisations worldwide.”
Industry: Cyber Security News
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