U.K. cybersecurity firm CybaVerse is expanding its team after raising $1.4 million.
The company announced the fundraise on its website Monday (Oct. 28), saying it would use the capital to speed the development of its platform and expand its team.
It has already appointed three senior leaders, including cybersecurity expert Andreas Wuchner, the company’s new chairman and veteran of companies like Deutsche Bank, UBS and HP, according to the announcement.
“His remarkable track record at some of the world’s leading organizations brings a wealth of knowledge and insight that will be invaluable as CybaVerse continues to grow and push boundaries in the industry,” the announcement said. “Andreas’s leadership will play a key role in helping CybaVerse achieve its goals and further grow the company.”
CybaVerse’s offerings included its new CybaVerse AI platform, designed to simplify cybersecurity management for small- to medium-sized businesses (SMBs), per the announcement.
The company’s new funding comes as businesses are facing increasing cyber threats, such as…
