Intelligence Fusion has secured a GBP400,000 investment from a number of sources to continue its growth in the expanding global intelligence market.
Led by Maven Capital Partners (Maven) the funding has been provided by the Finance Durham Fund, The Future Fund and existing investors. The follow-on investment will support the business as it enters its next phase of growth after it successfully developed and launched its intelligence data feed platform two years ago.
A total of GBP100,000 was invested on behalf of the Finance Durham Fund which was established by Durham County Council to encourage businesses to grow and invest in County Durham. A further GBP200,000 was provided by The Future Fund, a government scheme backed by the British Business Bank and GBP100,000 was invested on behalf of new and existing private investors.
Intelligence Fusion provide software, products, consultancy, and training to help companies understand global threats to enable them to make better informed decisions. The company combines data and analysis to enable customers to detect and respond to incidents to mitigate against threats and protect their people, assets and operations worldwide.
The company work across a wide range of industries such as medical, manufacturing, telecoms, transport and logistics, energy and chemicals providing data and intelligence which is displayed on an online platform or can be integrated into the client’s own systems via a live data feed.
There is a significant commercial opportunity for military grade human intelligence particularly at a time of significant uncertainty. Security situations and incidents including public protests, violence and unrest, migration and trafficking, threats to oil and gas pipelines, cyber-attacks and environmental activism are increasing year on year, added to the increasing number of internet and smart phone users across different regions. All driving the growth of the global threat intelligence market which is expected to reach USD17.9 billion by 2025.
Backed by a team of specialist experts with on-the-ground experience of situational threat awareness, the company was founded by CEO, Michael McCabe following his experience in security intelligence with the British Army and in the private security industry. The team is made up of 17 different nationalities with over 30 years’ experience in intelligence and risk monitoring. Ex-Microsoft Director, Robert Hayes was recently been appointed as chairman, bringing extensive experience of cyber security, crisis management, and strategic risk assessment.
Michael McCabe, CEO of Intelligence Fusion, says: “We are delighted to have secured GBP400,000 of investment to help support us on this next stage of growth. With Covid-19 we have witnessed great change globally, which is impacting the security landscape. Intelligence Fusion has supported our clients through this period and helped them to mitigate emerging threats. With this investment we will deepen our technology to enhance our intelligence solution, as well as add to our sales and marketing teams to increase and diversify our client base into new sectors and markets.”
Michael Dickens, Investment Manager of Maven, says: “We’re delighted to take part in this funding round as Intelligence Fusion enters an exciting phase of growth. With a real and growing need for this technology, the business is set to make waves in the Threat Intelligence market with a highly sophisticated platform backed by a team of dedicated specialists with decades of combined experience in security intelligence.”
