# Cytix

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

- Industry: Software
- Headquarters: Manchester, UK
- Website: www.cytix.io/
- Total disclosed funding: $8.8M
- Latest round: Series A (Aug 3, 2026)
- Investors on record: 5

## About

Based in Manchester, UK, Cytix delivers an advanced application security platform tailored for continuous testing, automating vulnerability assessments and enhancing the security posture of development teams across diverse sectors.Cytix, founded in 2022 by Benjamin Armstrong, Matthew Milan, and Thomas Ballin, specializes in application security. The firm has secured GBP 1.56 mn in funding during its SEED round co-led by FW Capital and Praetura Ventures on July 30, 2024, bringing its total capital raised to GBP 1.56 mn with a current valuation of GBP 7.848 mn. The company has completed two deals to date.Cytix offers a comprehensive continuous testing platform specifically designed for application security teams. The platform automates the identification of potential vulnerabilities introduced by development changes using an AI Intelligence Engine, which analyzes development tickets to create tailored testing plans. It employs both automated scanners and manual penetration testing to ensure thorough vulnerability assessments. Key features include integration with major ticketing platforms like Jira, GitHub, AWS, and Azure, converting live development tickets into prioritized testing actions. Cytix targets clients in sectors emphasizing application security, such as technology and finance, operating across North America, Europe, and parts of Asia, supporting web, mobile applications, and APIs.Cytix generates revenue primarily through a subscription-based model that provides clients access to continuous testing services. Clients pay for the platform's usage, which encompasses automated testing features and micro penetration tests customized for specific vulnerabilities. This transaction structure fosters direct partnerships with businesses needing ongoing security testing, integrating the testing process into their development lifecycles. Revenue is derived from the scalability of its offerings, allowing clients to choose different service tiers based on their needs, including access to the AI Intelligence Engine and the ability to book micro pentests as required, thereby ensuring ongoing security measures and long-term client relationships. In August 2026, Cytix Ltd. raised USD 7 million in series a funding led by Northern Gritstone, with participation from Auriga Cyber Ventures and PXN Group. The company plans to launch new products aimed at improving its continuous testing capabilities and will seek to penetrate additional markets in Europe and Asia by the end of 2025. The company plans to utilize the August 2026 funding for security risk management platform expansion and Change Risk Platform adoption.

## Funding rounds

- Series A, Aug 3, 2026, $6.8M — Auriga Partners, PXN Group, Northern Gritstone
- Seed, Jul 30, 2024, $2M — FW Capital, Praetura Ventures

## Investors

- FW Capital (https://capitalatlas.ai/funds/fw-capital) — Seed
- Praetura Ventures — Seed
- Auriga Partners (https://capitalatlas.ai/funds/auriga-partners) — Series A
- PXN Group (https://capitalatlas.ai/funds/pxn-group) — Series A
- Northern Gritstone (https://capitalatlas.ai/funds/northern-gritstone) — Series A