ExactTrak, a leading player in UK cybersecurity who recently secured a UK Government contract, has successfully raised £1 million – including a £500,000 investment from UKI2S’s £18m MOD-backed defence & security seed (D2S) fund alongside several angel investors including major existing backers.
With nineteen granted international patents and a ‘Mission Impossible’ patent for remote memory destruction, ExactTrak offers innovative solutions that transcend industries, safeguarding government and commercial sector data alike.
The £1m will enable ExactTrak to further develop its groundbreaking post-quantum cyber threat solution, marking a pivotal advancement in the cybersecurity landscape. Their approach is underpinned by world-first patented technology, offering a crucial solution for the evolving digital landscape of laptops and desktops.
By emphasising built-in hardware as opposed to conventional software solutions, ExactTrak effectively eliminates traditional cyber threats, ensuring a robust and comprehensive defence mechanism that transcends the limitations of standard software-based approaches.
The company has strategically collaborated with Dell, leveraging not only technical support but also forging pathways for remote management within laptops that operate independently, further enhancing their capability to meet evolving cybersecurity needs in the defence, security and commercial sectors.
Norman Shaw, ExactTrak’s Founder and CEO commented on the raise:
The £500,000 Seed investment from UKI2S comes at a pivotal time for ExactTrak, known for its remarkable achievements, including nineteen granted international patents and a groundbreaking ‘Mission Impossible’ patent, securing the remote physical destruction of memory within a mere three seconds. With a goal to protect government data and facilitate dual-use applications in the commercial sector.
Commenting on the investment, Mark White, Investment Director at UKI2S managed by Future Planet Capital, highlighted the dual-use capabilities of ExactTrak’s solutions:
This investment will fuel the expansion of ExactTrak’s highly secure government-assured solution, driving the company into new markets, with a focus on sales growth and solidifying their position in the defence and security sectors.
