Awen Collective has secured seed investment through Startup Funding Club (SFC)’s early stage funds. The Welsh cyber-security startup, which develops digital forensics software solutions for Industrial Control Systems, Robotics and Internet-of-Things devices, helps manufacturers and critical infrastructure providers reduce the time spent before and after a cyber-attack or cyber-physical incident.
The funds obtained from the SFC Angel Fund and the SFC SEIS Fund will enable Awen Collective to further grow and continue to provide client successes with Digital Forensics & Incident Response across Critical Infrastructure & Manufacturing. Additionally to SFC’s investment, to encourage its growth and international expansion, Awen Collective will receive support from the Tech Nation Cyber programme.
The scheme is designed to assist ambitious cyber-security startups in their way to success. Awen Collective will be working alongside twenty other companies and industry leaders in a series of expert-led curated workshops and mentorships that will help the business gain the skills and network to achieve its goals.
Daniel Lewis, CEO of Awen Collective, said: “Startup Funding Club are a great investor and partner for us. They have a clear understanding of the industrial markets, and will be able to provide much more value than the funding alone. We look forward to working with SFC."
Joseph Zipfel, CIO of Startup Funding Club, said: “We are pleased to invest in Awen Collective, which has developed a unique technology in the growing cyber-security market. It is also our fifth investment in a Welsh company in only 12 months, which further reinforces SFC's presence in the region and reputation as an active investor in non-London based startups."