LONDON – According to government figures released on Thursday, British cyber security businesses raised more than 1 billion pounds ($1.36 billion) in 84 transactions last year, as international investors tapped into development in skills such as network security and threat monitoring.

The government noted in its Annual Cyber Sector Report that companies that gained fresh investment included Bristol-based Immersive Labs, which raised 53.5 million pounds, and London-based Tessian, which got more than 52 million pounds.

According to the research, employment in the industry increased by 13%, with over 6,000 new positions created, bringing the total number of people working in cyber in the UK to 52,700.

Leave a Reply

Your email address will not be published. Required fields are marked *