Welsh Cybersecurity software firm, Enclave Networks, has closed a $1M funding round led by existing investors Next Big Thing together with new US-based cyber investors Gula Tech Adventures (GTA).
Enclave Networks has developed proprietary technology to improve the security and resilience of computer networks, whilst simultaneously making them more straightforward to set up and manage.
The investment will support Enclave’s go-to-market strategy and expansion into new markets, including the USA.
In 2021, four in ten businesses (39%) identified breaches or attacks on their networks, according to the Government’s Cyber Security Breach Survey.Enclave, a Zero Trust software-as-a-service (SaaS*) product, makes connectivity within businesses and their supply chains simpler and more secure. It does this by ensuring connecting systems are invisible to unauthorized third parties, unlike VPN server solutions which are openly visible to the public internet for anyone to discover and connect to.
As businesses worldwide grapple with the security challenges of a new ‘work-from-home force’ in the wake of the pandemic, Enclave offers a solution that allows organisations to continue delivering their work remotely and securely, even when operating within increasingly complex multi-cloud environments.
Founded in 2016, Next Big Thing AG (NBT) is a Berlin-based venture studio for the Machine Economy that provides a full range of services for the technical development of joint ventures…