- OnSecurity, a cybersecurity start-up, raises £5.5m in first funding round led by Gresham House Ventures
- Plans to double headcount from 35 to 70 as client base grows
- Funding to accelerate growth, increase research and development
- OnSecurity has nearly 300 customers and completed over 5,000 pentests
- Gresham House Ventures sees OnSecurity as well-positioned to expand client base in cybersecurity market
OnSecurity Raises £5.5m in First Funding Round
In a significant development for the Irish-founded cybersecurity start-up OnSecurity, the company has successfully secured £5.5m in its first funding round. Led by Gresham House Ventures, this Series A investment round marks a pivotal moment for the Bristol-based company co-founded by Conor O’Neill. The announcement, made on 10th June, highlighted the company’s impressive growth trajectory and ambitious plans for the future.
Exciting Growth Plans for OnSecurity
OnSecurity, under the leadership of CEO and co-founder Conor O’Neill, has been making waves in the cybersecurity industry. With a focus on providing innovative solutions to its clients, the company has managed to attract nearly 300 customers and complete over 5,000 pentests to date. As the demand for its services continues to rise, OnSecurity is gearing up for expansion by doubling its headcount from 35 to 70 in the coming years.
Utilizing the Investment for Accelerated Growth
Olivia Tanner, the content and communications manager at OnSecurity, expressed her optimism about the company’s future prospects following the successful funding round. She highlighted that the investment from Gresham House Ventures will enable OnSecurity to accelerate its growth trajectory and allocate more resources towards research and development initiatives. This infusion of capital comes at a crucial time for the company as it aims to solidify its position in the market and cater to the evolving cybersecurity needs of businesses and organizations worldwide.
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Gresham House Ventures Backs OnSecurity’s Potential
Steve Carle, operating partner at Gresham House Ventures, commended OnSecurity for its innovative approach in an industry that has traditionally faced challenges with manual processes and subpar customer experiences. He emphasized the company’s strong foundation and unique platform, which positions it well to expand its client base and support a diverse range of clients in addressing cybersecurity threats. Gresham House Ventures’ support underscores the confidence in OnSecurity’s capabilities and the potential for further growth and success in the cybersecurity landscape.
As OnSecurity embarks on this new chapter with the backing of significant funding, the company is poised to make a lasting impact in the cybersecurity sector. With a focus on innovation, customer satisfaction, and continuous improvement, OnSecurity is well-positioned to emerge as a key player in the pentest market, setting new standards for excellence and reliability in the realm of cybersecurity solutions.
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