Cybersecurity firm Garrison lands $30m
Written by Hannah McGrath
UK cybersecurity firm Garrison, which has developed safe web browsing technology, has secured £30 million (£22.7 million) in its latest round of funding.
The investment round, led by Dawn Capital, is the company's largest raise from wholly UK-based backers and will be used to accelerate development of national security grade technology for commercial use.
The specialist technology solution, which enables users to access all content on the web without risk of exposing their organisation to cyber-attack, has been deployed by the UK government and blue chip organisations including banking, insurance, media, telecoms and the legal sector.
Garrison claims that it has developed an alternative to the traditional threat detection model by placing a gap at a fundamental electronic level between the internet and the end-user’s device, ensuring that malicious web content never comes into contact with the user or their organisation’s IT systems.
The latest round brings the total raised by Garrison to more than $50 million following a $26million investment in September last year, all derived from London-based investors.
David Garfield, chief executive of Garrison, said: "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."
Garrison was founded in 2014 by industry veterans Garfield and Henry Harrison, who previously worked together at national-security specialist Detica plc and subsequently established the Cyber Security business unit at BAE Systems.