ANGOKA Secures £2.4M Investment for Next Stage Growth Plans
Cyber security provider and HSD partner ANGOKA has announced the completion of a £2.4M funding round to accelerate growth plans in the aviation and road transport sectors. The funding round introduces London-based 24Haymarket as lead investor joined by GALLOS and new institutional investment from Co-Investment Fund (NI) through Clarendon Fund Managers. The firm will use the investment to fuel international growth plans, accelerate the design and delivery of bespoke cyber security programmes, and to develop the ANGOKA team.
ANGOKA Chairman Steve Berry says the new investment is well timed. “We are growing in order to match the fast-moving developments in the cyber security spaces specifically in aviation, transport and the internet of things,” says Mr Berry. "We have achieved strong and convincing results in live and real-world tests and these are
consolidating our reputation as leaders in the field.”
Angoka has partnered with a number of projects in the UK Research and Innovation’s Future Flight Challenge including Skyway in which air traffic corridors in the south of England have been designated for drones and unmanned aircraft. ANGOKA supplies the hacker-proof security for automated, teleoperated and unmanned aircraft using these corridors.
Paul Tselentis, CEO of 24Haymarket: “Providing secure machine-to-machine communication is key to enabling the development of the next generation of ground and air mobility. We believe ANGOKA can set the standards in securing these mission-critical communications and 24Haymarket is proud to support the ANGOKA in commercialising their cutting-edge technology”
In February 2021, ANGOKA opened an office in The Hague. ANGOKA is an IoT security company focused on protecting M2M communications for Smart Cities and Mobility. Headquartered in Belfast, with offices in London and in The Hague.
Earlier this year, ANGOKA won two awards at the 2022 ITS European Congress in Toulouse. The company picked up the Technology Innovation and Top Start Up awards.
“We were thrilled to be recognised again this year for our cutting-edge solutions,” says Mr Berry. “This is a particularly important field in which some of the best brains create extraordinary technologies in the mobility space, so we are very thankful to the judges for acknowledging the ANGOKA team’s fantastic work.”
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