# BlackDice Cyber

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/blackdice-cyber

- Industry: IT Security/Cybersecurity
- Headquarters: Manchester, UK
- Website: www.blackdice.io
- Total disclosed funding: $0.6M
- Latest round: Seed (Oct 16, 2019)
- Investors on record: 1

## About

BlackDice Cyber Limited offers innovative AI-powered cybersecurity solutions specifically designed for telecommunications providers, ensuring secure and intelligent network ecosystems through real-time risk management and actionable intelligence.BlackDice Cyber Limited, founded in Manchester, UK in 2019 by Paul Hague, focuses on AI-driven cybersecurity solutions for the telecom industry. The company completed its first funding round in October 2019, raising GBP 0.5 million in a Seed round led by the Development Bank of Wales, valuing the firm at GBP 2.04 million post-money.BlackDice specializes in AI-powered cybersecurity solutions tailored for telecommunications companies, enabling them to transform their networks into secure and intelligent ecosystems. Their offerings include real-time detection and blocking of risky devices, along with turning network data into actionable intelligence that enhances security and drives growth. The client base includes small-to-medium businesses (SMBs) and residential consumers, focusing on the UK, Europe, and Latin America, addressing challenges like flat average revenue per user (ARPU) and increasing cybersecurity threats.Operating on a B2B model, BlackDice collaborates with telecom firms through subscription-based services that allow ongoing access to its cybersecurity offerings. Contracts typically feature tiered pricing based on service levels and network scale. Key services encompass network protection and monitoring, vital for managing the cybersecurity landscape within telecommunications, ensuring service reliability for end-users while promoting operational efficiencies.Following the completion of its Seed funding round in October 2019, BlackDice aims to leverage the GBP 0.5 million raised to support upcoming initiatives, including the design and launch of new cybersecurity products tailored for emerging market needs. The company is actively exploring expansion into additional regions, particularly targeting markets in Europe and Latin America by 2024. This strategic focus on product innovation and market expansion is intended to enhance service offerings and meet growing cybersecurity demands across diverse client bases.

## Funding rounds

- Seed, Oct 16, 2019, $0.6M — Development Bank of Wales

## Investors

- Development Bank of Wales (https://capitalatlas.ai/funds/development-bank-of-wales) — Seed