Future Tech

Britain sees record investment in 10-billion-pound cyber sector

Tan KW
Publish date: Thu, 17 Feb 2022, 10:48 AM
Tan KW
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Future Tech

LONDON - British cyber security firms raised more than 1 billion pounds ($1.36 billion) in 84 deals last year, as foreign investors tapped into growth in capabilities such as network security and threat monitoring, government data showed on Thursday.

Companies that received new investment included Bristol-based Immersive Labs, which raised 53.5 million pounds, and London-headquartered Tessian, which secured more than 52 million pounds, the government said in its Annual Cyber Sector Report.

Employment across the industry rose 13%, with more than 6,000 new jobs created, to bring the total number of people working in cyber in Britain to 52,700, the report said.

 


  - Reuters

 

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