ExactTrak has raised £1 million, including a £500,000 investment from UKI2S’s £18m MOD-backed defence & security seed (D2S) fund alongside several angel investors including existing backers.
With 19 granted international patents and a patent for remote memory destruction, ExactTrak offers solutions that transcend industries, safeguarding government and commercial sector data alike.
The £1m will enable ExactTrak to further develop its post-quantum cyber threat solution, marking an advancement in the cybersecurity landscape.
By emphasising built-in hardware as opposed to conventional software solutions, ExactTrak effectively eliminates traditional cyber threats, ensuring a defence mechanism that meets the standard of 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.
“We are thrilled to have the support of UKI2S as a key partner in our journey,” said Norman Shaw, Founder and CEO, ExactTrak.
“This investment marks a significant milestone in our pursuit of creating cutting-edge solutions that redefine cybersecurity standards, particularly in the face of quantum computing cyber threats.
“Our mission is to transform the industry by ensuring the utmost security for government and commercial sector customers alike.”
The goal is to protect government data and facilitate dual-use applications in the commercial sector.
“ExactTrak’s innovative approach to cybersecurity places them at the forefront of the industry.
“Their solutions, available to anyone in the government and with applications in the commercial sector, particularly in finance and healthcare, demonstrate the cross-sector impact of their technology,” said Mark White, Investment Director, UKI2S.
“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.”
