# CyberOwl

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

- Industry: IT Security/Cybersecurity
- Headquarters: Birmingham, UK
- Website: www.cyberowl.io
- Total disclosed funding: $6.1M
- Latest round: Series A (Feb 1, 2022)
- Investors on record: 4

## About

CyberOwl Ltd. is a UK-based cybersecurity firm specializing in analytics solutions tailored for the maritime industry, addressing the unique challenges posed by increased digitalization and cyber threats.CyberOwl Ltd. was founded in 2016 in Birmingham, UK, focusing on cybersecurity analytics for operational assets in the maritime sector. The company has successfully completed 5 deals, with the most recent funding round being a Series A raising GBP 4.5 mn from investors including 24Haymarket, Brookstreet Equity Partners, Phaze Ventures, and Techstars Ventures. Its current valuation stands at GBP 17.478 mn. Siraj Shaikh is the founder of CyberOwl, while Daniel Ng serves as the CEO.CyberOwl provides a comprehensive cybersecurity analytics solution primarily designed for operational assets within the maritime industry. Their flagship product, Medulla, addresses the unique cybersecurity challenges faced by shipping companies by offering continuous monitoring and analytics of onboard systems, including Internet of Things (IoT) and Operational Technology (OT) devices. Medulla helps organizations identify vulnerabilities, ensure functionality of cybersecurity controls, and improve overall cyber hygiene across fleets, serving clients in Europe, North America, and Asia-Pacific.CyberOwl generates revenue through a subscription-based model for its Medulla solution, allowing clients to access continuous cybersecurity monitoring and analytics services on an annual or multi-year basis. This B2B model provides clients the flexibility to tailor their cybersecurity coverage based on fleet size and operational requirements, fostering long-term partnerships through structured engagement that includes setup, ongoing support, and regular updates.In September 2024, DNV Cyber acquired CyberOwl Ltd. as part of its strategy to strengthen cybersecurity capabilities to assist maritime companies in managing increasing cyber risks and regulatory compliance. The acquisition is expected to facilitate the expansion of CyberOwl’s services into new markets while enhancing the existing product offerings. Future growth initiatives will likely focus on developing new products to meet emerging cybersecurity challenges and expanding operations in key regions across Europe, North America, and Asia-Pacific, leveraging the financial backing from the recent funding round.

## Funding rounds

- Series A, Feb 1, 2022, $6.1M — Techstars, 24Haymarket, Brookstreet Equity Partners, Phaze Ventures

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Series A
- 24Haymarket (https://capitalatlas.ai/funds/24haymarket) — Series A
- Brookstreet Equity Partners (https://capitalatlas.ai/funds/brookstreet-equity-partners) — Series A
- Phaze Ventures (https://capitalatlas.ai/funds/phaze-ventures) — Series A