UK: Rail cybersecurity specialist RazorSecure has raised more than £2m in its latest investment round, bringing the total funds raised since its launch in 2015 to more than £6m.
The investment has come from existing investors Enterprise M3 Growth Fund, Dutch venture capital fund Mainport Innovation Fund II, Wentworth and Breed Reply. It will be used to support global growth at the Basingstoke-based company which provides rolling stock, signalling and infrastructure cybersecurity detection platforms to train manufacturers, suppliers and operators. Users include Icomera and Arriva, and its software has now been deployed on more than 1 600 vehicles
RazorSecure’s machine learning approach detects how a system operates and identifies deviations as a possible threat, taking a different approach to traditional cybersecurity software which focuses on protecting data stored on networks rather than control systems.
The company has doubled the number of staff in the last 12 months, and says the EU directive on security of network and information systems has increased rail companies’ focus on designing and implementing effective ways to control and manage risk. Earlier this year it launched an EN50155 approved Security Gateway for the rail industry.
