# CyberHive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cyberhive

- Industry: IT Security/Cybersecurity
- Headquarters: UK
- Website: www.cyberhive.com
- Total disclosed funding: $2.5M
- Latest round: Seed (Apr 1, 2021)
- Investors on record: 2

## About

CyberHive Ltd, based in the UK, specializes in advanced cybersecurity solutions, providing the latest technologies to protect organizations and their sensitive data from evolving cyber threats.Founded in 2018 in the UK, CyberHive Ltd focuses on cybersecurity through innovative product offerings. The company has successfully secured funding through two rounds, with the latest funding round on July 24, 2023, raising GBP 840,000, led by Mercia Asset Management. Founders Brian Zegers, Bruce Pereira, and David Blundell have a history of expertise in technological ventures, contributing significantly to CyberHive's operations. Alan Platt serves as the current CEO.CyberHive Ltd. specializes in advanced cybersecurity solutions tailored for businesses, leveraging patented technologies designed to protect organizations and their critical data. Their core offerings include the CyberHive Connect, a zero trust software-defined mesh network that utilizes quantum-safe cryptography to ensure secure communications, and the CyberHive Gatekeeper, a cloud access security broker (CASB) designed specifically for securing Microsoft 365 environments. Another significant product is the CyberHive Trusted Cloud, which provides secure hosting for sensitive workloads in both cloud and on-premises settings. These solutions address various use cases such as safeguarding enterprise networks, protecting critical infrastructure, and enhancing the security of remote telemetry and IoT devices. CyberHive serves a diverse client base, including sectors such as defense, military, public sector, and telecommunications, with products deployed across markets in North America, Europe, and parts of Asia.CyberHive Ltd. generates revenue primarily through a B2B model, focusing on subscriptions for their suite of cybersecurity products and services. Clients engage with the company through a structured transaction framework where they subscribe to specific products tailored to their security needs, such as the CyberHive Trusted Cloud and CyberHive Gatekeeper. Revenue is accrued from these subscription fees, providing clients with continuous access to updated security features and support. The company also forms strategic partnerships with organizations, allowing for customized solutions designed to meet unique industry requirements.In July 2023, CyberHive Ltd raised GBP 840,000 in venture funding, which will be utilized for business expansion and product development. The company plans to launch new products designed to enhance its service offerings while targeting expansion into new markets, particularly in North America and Europe, by the end of 2024.

## Funding rounds

- Seed, Apr 1, 2021, $2.5M — Mercia Asset Management, 24Haymarket

## Investors

- Mercia Asset Management (https://capitalatlas.ai/funds/mercia-asset-management) — Seed
- 24Haymarket (https://capitalatlas.ai/funds/24haymarket) — Seed