North East intelligence company secures £400k investment for "next phase of growth"
A North East threat intelligence provider has announced that it has secured a £400k investment to continue its growth.
Intelligence Fusion, based in Durham, has received the funding from the Finance Durham Fund, The Future Fund, and existing investors, led by Maven Capital Partners.
The company combines data and analysis to enable customers to detect and respond to incidents to mitigate against threats and protect their people, assets and operations worldwide.
The investment will support the business as it enters its next phase of growth after launching its intelligence data feed platform two years ago.
Michael McCabe, CEO of Intelligence Fusion, commented: “We are delighted to have secured £400k of investment to help support us on this next stage of growth.
“With Covid-19 we have witnessed great change globally, which is impacting the security landscape.
“Intelligence Fusion has supported our clients through this period and helped them to mitigate emerging threats.
“With this investment we will deepen our technology to enhance our intelligence solution, as well as add to our sales and marketing teams to increase and diversify our client base into new sectors and markets.”
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