Adrian Johnson
TLDR:
- ExactTrak, a cybersecurity company, raised £1m for its remote physical memory destruction technology.
- The funding will support the development of cybersecurity tools to protect against quantum computers.
ExactTrak, a cybersecurity company based in Banbury, has raised £1m in funding. The company is known for its remote physical memory destruction technology and provides firms with embedded security solutions to protect devices and data from attacks. ExactTrak’s flagship product, SmartSafe, offers features such as location tracking and remote data encryption. The company has secured 19 patents, including a “Mission Impossible” patent for destroying compromised memory remotely.
The new funding will support ExactTrak in developing cybersecurity tools to defend against threats from quantum computers. Norman Shaw, the founder and CEO of ExactTrak, expressed the company’s commitment to redefining cybersecurity standards and ensuring maximum security for government and commercial sector customers.
The funding was split between £500,000 from the Ministry of Defence-backed defence and security fund from UKI2S, angel investors, and existing backers. Mark White, an investment director at UKI2S, highlighted ExactTrak’s technology’s cross-sector impact across government, finance, and health sectors.
ExactTrak has previously participated in GCHQ’s Cyber Accelerator, further demonstrating the company’s recognition in the cybersecurity industry. The focus on developing advanced cybersecurity tools to address emerging threats indicates ExactTrak’s commitment to innovation and staying ahead of evolving cyber risks.
