# Cyan Forensics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cyan-forensics

- Industry: Software
- Headquarters: Edinburgh, UK
- Website: www.cyanforensics.com
- Total disclosed funding: $8M
- Latest round: Series A (Mar 26, 2021)
- Investors on record: 7

## About

Cyan Forensics Ltd, based in the UK, specializes in advanced digital forensics solutions for law enforcement, enhancing the efficiency of investigations into digital security issues with innovative technology.Founded in 2016 in Edinburgh, UK, Cyan Forensics Ltd develops digital forensic solutions aimed at assisting law enforcement agencies. The company has raised a total of GBP 5.27 mn in funding, most recently through a Series A led by Par Equity on March 26, 2021. Ian Stevenson serves as both the CEO and founder of the company, which has secured a current valuation of GBP 11.627 mn, with five funding deals recorded since inception.Cyan Forensics Ltd offers a range of digital forensics products tailored for law enforcement and organizations addressing digital security. Their primary offerings include Cyacomb Examiner Plus, a tool for rapid evidence-gathering, and Cyacomb Mobile Triage, which facilitates the scanning of mobile devices for harmful content. Additionally, the Contraband Filter Hub provides a platform for sharing secure datasets related to child sexual abuse material (CSAM), addressing the challenges posed by increasing electronic device usage and case backlogs.In 2023, Cyan Forensics Ltd reported revenue of GBP 1,362,036.80, alongside an EBITDA of GBP -4,003,090.20. Revenue is generated through direct software sales to law enforcement and partnerships with social media and messaging companies, mainly structured around subscription models and integration collaborations to enhance child protection efforts.Following the GBP 5.27 mn Series A funding round on March 26, 2021, led by Par Equity, Cyan Forensics Ltd plans to expand its product line and market reach. The company is focused on launching new digital forensic tools and entering new international markets, particularly in Europe and North America, with specific timelines for product releases yet to be disclosed. This funding is aimed at bolstering their research and development capabilities to support these initiatives.

## Funding rounds

- Series A, Mar 26, 2021, $7.3M — Mercia Asset Management, Macleod Dixon, PXN Group, SIS Ventures, Scottish Enterprise, Triple Point Investment Management
- Seed, Sep 7, 2017, $0.4M — Mercia Fund Management, Scottish Enterprise
- Seed, Oct 6, 2016, $0.3M — Mercia Fund Management, Scottish Enterprise

## Investors

- Mercia Fund Management — Seed
- Scottish Enterprise (https://capitalatlas.ai/funds/scottish-enterprise) — Seed, Series A
- Mercia Asset Management (https://capitalatlas.ai/funds/mercia-asset-management) — Series A
- Macleod Dixon — Series A
- PXN Group (https://capitalatlas.ai/funds/pxn-group) — Series A
- SIS Ventures (https://capitalatlas.ai/funds/sis-ventures) — Series A
- Triple Point Investment Management (https://capitalatlas.ai/funds/triple-point-investment-management) — Series A