AlphaBeta Investments: Launch of Seed Investment Fund Focussed on Cyber Security Start-Ups
14 September 2017 - 09:05AM
Business Wire
UK based Cyber Security seed investment
company AlphaBeta Investments Limited (“ABI”) announces its launch
following a successful round of funding.
ABI will seek out early stage innovative cyber security
technology and provide seed investment to productise and
commercialise the most promising new innovations in network defence
and online security.
Cyber attacks remain an almost daily occurrence and the
increasing sophistication of attackers makes the threat of a data
breach for all enterprises, whether public or private, omnipresent.
Bank of America Merrill Lynch have recently estimated that within
20 years there will be in excess of 1 trillion internet connected
devices. Each device represents a potential attack vector for cyber
criminals.
It is crucial therefore that the cyber security industry
responds to the increasingly complex and dynamic threats to
critical infrastructure, corporate and public bodies in order to
make networks, communications and data as secure as possible. New,
more efficient approaches to identifying and reducing attacks,
providing early warnings and rapid remediation are urgently needed
as the move to digitise our daily life proceeds apace. New defence
mechanisms are essential and they must be subject to continuous
development in order to stay one step ahead of those seeking to
disrupt and steal valued information.
This is where ABI intends to operate.
ABI will actively seek out the best and brightest individuals
with ideas on how to make our networks and the data which sits on
them more robust to attack. The aim is to move conceptual projects
to market as quickly and efficient as possible, for the benefit of
all stakeholders.
Uniquely, ABI will have a very narrow focus on what it funds:
innovative cyber security products for the enterprise.
Deal origination will focus on centres of excellence focussed in
cyber security, computer science and mathematics along with
initially targeting the UK to deploy its initial capital. ABI is
based in London and is seeking to hire additional research analysts
to support its programme going forward. Of particular interest are
members of the hacking community with their own unique insight of
how cyber threats originate.
ABI has closed its first round of funding resulting in a
substantial investment from high net worth individuals. This
includes a conditional commitment to make further funds available
on achievement of milestone targets. This capital will be used to
maintain operations of AlphaBeta as well as seed investment in
cyber security.
As a result, AlphaBeta Investments is already in the due
diligence phase for two separate deals and it is hoped that these
projects will proceed to term sheets in the near future.
“Our goal is to discover true innovation in cyber security
technology and then get it into the public domain as efficiently as
possible to bolster all levels of defence against illegal intrusion
and attack,” commented Adam Pritchard, CEO of AlphaBeta. “We are
excited about our mission to improve enterprise defences against
cyber criminals by working with true pioneers and innovators in
system security.”
Adam Pritchard is the CEO of AlphaBeta Investments. He recently
graduated from university in Boston, USA and specialises in
start-ups and Information Systems. Adam has always had a passion
for cyber security and believes that for the modern world to
continue to progress at its current rate, there needs to be
continuous development of our current security architecture.
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AlphaBeta InvestmentsAdam Pritchard,
07948438934CEOadam@alphabetainvestment.comwww.alphabetainvestment.com