A Sheffield, UK-based company called Sitehop raised £5 million in seed money for networking encryption solutions.
The Northern Powerhouse Investment Fund (NPIF), Mercia Ventures, the founders of Event Horizon Capital and Osney Capital. Angel investors Rick Lazansky of Silicon Catalyst and Illia Polosukhin of NEAR participated in the round led by Amadeus Capital Partners and Manta Ray Ventures.
The money will be used by the business to grow both its operations and growth initiatives.
Established by Ben Harper and Melissa Chambers, Sitehop provides hardware-enforced corporate encryption to assist businesses in proactively managing the ever-increasing threat level posed by skilled cybercriminals.
The company’s flagship product, SAFEblade 1100, can support up to 4000 secure tunnels simultaneously at a data throughput of 100Gbps and an ultra-low encryption or decryption latency of less than 900 nanoseconds, making it a secure alternative to software-based solutions.
In any situation where there is a lot of network traffic, such data centers, the cloud, or edge computing environments, this low latency is essential.
