Britain sees record investment in 10-billion-pound cyber sector

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LONDON (Reuters) – British cyber safety companies raised greater than 1 billion kilos ($1.36 billion) in 84 offers final yr, as overseas buyers tapped into progress in capabilities similar to community safety and risk monitoring, authorities knowledge confirmed on Thursday.

Companies that obtained new investment included Bristol-based Immersive Labs, which raised 53.5 million kilos, and London-headquartered Tessian, which secured greater than 52 million kilos, the federal government stated in its Annual Cyber Sector Report.

Employment throughout the business rose 13%, with greater than 6,000 new jobs created, to carry the full variety of folks working in cyber in Britain to 52,700, the report stated.

($1 = 0.7359 kilos)

(Reporting by Paul Sandle. Editing by Andrew MacAskill)



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