London-based cybersecurity startup qomodo has raised $1.6 million to improve its platform-agnostic software agents and expand its operations in Europe and the US. The investment was led by Expeditions Fund.
- Founded in 2023 by a team of former BAE Systems and NATO cybersecurity experts, including Adam Massey, Kane Ryans, and Toby Wilmington, qomodo develops host-based intrusion detection and response systems (HIDRS). Its solutions target cybersecurity for XIoT, industrial IoT, and enterprise IoT environments.
- Utilizing microsoftware agent technology, AI, and machine learning, qomodo's systems provide proactive threat identification and prevention.
- qomodo partnered with several notable firms and organizations, including NATO, the UK’s Ministry of Defense, BAE Systems, DHL, MAERSK, and Saudi Aramco.
Details of the deal
- The funding round was led by Expeditions Fund, a Warsaw-based VC firm that invests in early-stage technology startups with investments ranging from €250,000 to €2.5 million. It focuses on sectors such as cybersecurity, artificial intelligence, data infrastructure, dual-use/defense, computing, privacy-enhancing technologies, and tech-bio.
- The investment saw participation from Paris-based VC Auriga Cyber Ventures, which funds early-stage cybersecurity startups across Europe, and London-based VC Amadeus Capital Partners.
“Organisations’ cyber-physical systems now extend across all operations, from industrial, transport, energy, healthcare to enterprise environments, and governments are regulating to increase protection, such as the UK’s Product Security and Telecommunications Infrastructure (PSTI) regime. We are pleased to be backing qomodo’s first-of-its-kind threat prevention system for these increasingly complex but essential systems to modern life,” Investment Manager at Amadeus Capital Partners, James Baker, stated.
- Nio Advisors, McNally Capital, Ventures Together, and Techstars also joined the round.
- With the $1.6 million raised, qomodo aims to further enhance its platform-agnostic software agents and strengthen outreach efforts in Europe and the US. This will help improve the product's market fit and enable direct customer interaction.
