Maven has invested £1.5 million in Blueskytec, a cybersecurity hardware specialist, through the British Business Bank’s South West Investment Fund to support full-scale deployment, recruitment, and expansion of its manufacturing and business development.
Blueskytec has developed high-grade cyber security technology tailored for commercial applications within critical national infrastructure. The company’s patented solution offers a different approach to cyber defence for mission critical systems, with a focus on defence, civil nuclear, and energy sectors.
As new regulatory standards emerge to enhance cyber resilience, Blueskytec provides a unique hardware-based layer of cyber protection which it says is unavailable with other solutions. Its technology has undergone extensive development and testing and is already deployed across a number of industries and government bodies in the UK and US.
The SWIF Maven Equity Finance investment will be used to capitalise on the demand from national infrastructure providers as Blueskytec moves toward full-scale deployment with leading industrial partners. Funding will also be used to support recruitment as well as expand its manufacturing capacity and business development efforts.
The cybersecurity landscape is undergoing a shift, driven by regulatory mandates and escalating threats from sophisticated attackers. With increasing cyber threats in industrial environments and traditional IT security, measures often fall short in addressing the unique challenges of operational technology. Blueskytec’s hardware-based solution is positioned to fill this gap, combining robust security with safety that integrates with existing infrastructures.
