Local cyber security company Uleska secures £500,000 investment

  • Belfast-based cyber-security firm Uleska announced that it has secured £500,000 in investment and sales, enabling significant product development growth and for team expansion.

    Companies building software can often struggle to perform adequate security testing, leaving holes in their systems and that can be hacked. A skills shortage within the cyber security sector has been one of the key factors driving this issue, so firms have begun turning to automation of security checks to avoid the possibility of costly and reputation-damaging data breaches.

    Uleska was founded in 2016 to help address the gap in automation of software security for internet and cloud systems, and has been successfully competing in a market that is expected to grow to $9bn USD per year by 2022 according to industry experts. The company has secured a £500,000 investment through combination of intuitional and private investors, including Techstart NI, Clarendon Fund Managers and Dennis Murphy, co-founder of software business Anaeko.

    "A fundamental flaw in most security software is the need for manual processes. The industry average to security test code is around six months and a further two months to translate the technical issues into business risks. Uleska’s software reduces the need for skilled personnel to organise and run testing, facilitating effective automation of security testing and prioritizing the risk of those issues within hours," stated Gary Robinson, founder and CEO of Uleska.

    Uleska has recently hit a major sales milestone of £175,000 across UK and Ireland with support from industry giant PwC, and CEO Gary Robinson has also been voted in as a board member of global software security institute OWASP starting in 2019. This position is highly influential in the cybersecurity community and was previously held by top cyber industry experts, so the future is looking good for this local cyber security company.

    SOURCE: Uleska Press Release

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