Sitehop, a Sheffield-based network encryption specialist supported by Mercia Ventures, has successfully secured £5m in seed funding. The investment round was led by Amadeus Capital Partners and Manta Ray Ventures, with participation from Mercia through funding from the Northern Powerhouse Investment Fund (NPIF) and its EIS funds, as well as support from the founders of Event Horizon Capital & Osney Capital, and notable angels including Rick Lazansky, founder of Silicon Catalyst, and Illia Polosukhin, founder of NEAR.
Addressing a crucial challenge faced by communication infrastructure providers in the digital age, Sitehop offers a hardware-enforced enterprise encryption solution that eliminates the latency caused by traditional software encryption methods. This innovative approach helps businesses combat the escalating threat posed by cyber criminals, providing a secure alternative with its flagship product, SAFEblade 1100, capable of supporting over 4000 secure tunnels simultaneously with ultra-low latency and high data throughput.
Melissa Chambers, CEO of Sitehop, expressed her excitement for the investment, stating that it will support the company’s global expansion plans and enable the development of new products to enhance network security. With a focus on technology advancement and expanding their team, Sitehop aims to become a key player in securing networks worldwide in the coming years.
Nick Kingsbury, Partner at Amadeus Capital Partners, commended Sitehop’s unique hardware-based approach to enhancing network security, highlighting the technology’s flexibility and scalability for both SMEs and large enterprises. Lawrence Barclay, Managing Director of Manta Ray Ventures, expressed enthusiasm for partnering with Sitehop and praised the team’s dedication to addressing the critical challenge of network security with a focus on performance and energy efficiency.
With a clear vision and commitment to innovation, Sitehop is poised to make significant strides in the realm of network security, thanks to the support and funding from key investors in the industry.
Sitehop, a Sheffield-based network encryption specialist supported by Mercia Ventures, has successfully secured £5m in seed funding. The investment round was led by Amadeus Capital Partners and Manta Ray Ventures, with participation from Mercia through funding from the Northern Powerhouse Investment Fund (NPIF) and its EIS funds, as well as support from the founders of Event Horizon Capital & Osney Capital, and notable angels including Rick Lazansky, founder of Silicon Catalyst, and Illia Polosukhin, founder of NEAR.
Addressing a crucial challenge faced by communication infrastructure providers in the digital age, Sitehop offers a hardware-enforced enterprise encryption solution that eliminates the latency caused by traditional software encryption methods. This innovative approach helps businesses combat the escalating threat posed by cyber criminals, providing a secure alternative with its flagship product, SAFEblade 1100, capable of supporting over 4000 secure tunnels simultaneously with ultra-low latency and high data throughput.
Melissa Chambers, CEO of Sitehop, expressed her excitement for the investment, stating that it will support the company’s global expansion plans and enable the development of new products to enhance network security. With a focus on technology advancement and expanding their team, Sitehop aims to become a key player in securing networks worldwide in the coming years.
Nick Kingsbury, Partner at Amadeus Capital Partners, commended Sitehop’s unique hardware-based approach to enhancing network security, highlighting the technology’s flexibility and scalability for both SMEs and large enterprises. Lawrence Barclay, Managing Director of Manta Ray Ventures, expressed enthusiasm for partnering with Sitehop and praised the team’s dedication to addressing the critical challenge of network security with a focus on performance and energy efficiency.
With a clear vision and commitment to innovation, Sitehop is poised to make significant strides in the realm of network security, thanks to the support and funding from key investors in the industry.
