# Sharktower AI

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

- Industry: Software
- Headquarters: Edinburgh, UK
- Website: www.sharktower.com
- Total disclosed funding: $0.6M
- Latest round: Seed (May 4, 2021)
- Investors on record: 2

## About

Sharktower AI Ltd is a cybersecurity firm focused on delivering advanced solutions to protect organizations from digital threats, utilizing state-of-the-art technology for real-time threat detection and response.Sharktower AI Ltd, founded in 2020 in Edinburgh, UK, specializes in cybersecurity solutions. The company has completed 2 total deals, with its most recent deal occurring on February 21, 2022. The latest funding round was a Seed round, where the company raised GBP 0.400 mn, led by Equity Gap, alongside investors including Scottish Enterprise. The current company valuation stands at GBP 2.054 mn.The company specializes in providing advanced cybersecurity solutions designed to protect organizations from a variety of digital threats. Its core product offerings include a comprehensive suite of security software solutions that utilize technology to detect, prevent, and respond to cyber threats in real-time. These products cater to diverse clientele, including enterprise-level corporations, government agencies, and small to medium-sized businesses, all of which rely on robust security measures to safeguard sensitive information and maintain operational integrity. The company’s solutions are deployed across various industries, such as finance, healthcare, and technology, addressing specific use cases like data breach prevention, threat intelligence, and compliance management. The products are marketed globally, with significant penetration in North America, Europe, and select regions in Asia-Pacific, ensuring that users in different geographical markets benefit from tailored cybersecurity measures.The company generates revenue primarily through subscription-based models, allowing clients to access its suite of cybersecurity products and services. This transactional structure fosters long-term partnerships and ensures consistent service delivery, with clients subscribing to annual or multi-year plans based on their specific needs. Revenue streams also include one-time fees for implementation services and premium support options, enhancing the overall user experience. The flagship product, known for its robust capabilities in threat detection and incident response, typically commands a competitive pricing strategy aimed at both enterprise clients and smaller businesses. By leveraging a mix of B2B and direct-to-consumer approaches, the company effectively caters to a broad spectrum of end-users, ensuring sustainable revenue growth through extensive customer engagement and satisfaction.Following its acquisition by myProteus Ltd in February 2022, Sharktower AI Ltd plans to expand its product offerings and market presence. The company is focused on developing new cybersecurity solutions tailored for emerging digital threats and anticipates launching these products in the next 12 months. Expansion efforts will target new markets in Asia and North America, with plans to establish a stronger foothold by the end of 2023. The recent funding will be utilized to support product development and enhance marketing strategies to drive growth in these regions.

## Funding rounds

- Seed, May 4, 2021, $0.6M — Equity Gap, Scottish Enterprise

## Investors

- Equity Gap (https://capitalatlas.ai/funds/equity-gap) — Seed
- Scottish Enterprise (https://capitalatlas.ai/funds/scottish-enterprise) — Seed