Manchester-based cybersecurity firm announces job creation in response to investment.
- CloudGuard plans to increase its workforce by 20, reaching a total of 50 employees.
- The expansion is fueled by funding from the Northern Powerhouse Investment Fund.
- CloudGuard to enhance collaboration with Manchester universities on AI research.
- The company aims to strengthen its training programs through the CloudGuard Cyber Academy.
Manchester-based cybersecurity firm, CloudGuard, has confirmed plans to create up to 20 new jobs as part of its expansion strategy over the next year. This announcement follows the recent acquisition of funds through the Northern Powerhouse Investment Fund, managed by Praetura Ventures. While the exact figures remain undisclosed, the “multi-million pound” investment will significantly bolster the company’s operational capacity.
Following this investment, CloudGuard is set to grow its workforce from 30 to 50 employees, indicating a notable scale-up in the company’s operations. The company, which was founded in 2020, is leveraging this opportunity to deepen its technological capabilities in response to the ever-increasing complexity of cybersecurity threats.
A key component of CloudGuard’s strategic plan includes strengthening its partnerships with Manchester universities to enhance AI research. This collaboration aims to advance the firm’s offerings in cybersecurity solutions by integrating more sophisticated AI-driven systems.
Furthermore, CloudGuard is committed to developing its CloudGuard Cyber Academy, which serves as a platform to provide extensive training and industry experience. This initiative is targeted at individuals of various ages and experience levels, emphasizing the firm’s commitment to nurturing talent in the cybersecurity domain.
Matt Lovell, co-founder and CEO, expressed the importance of evolving capabilities to match dynamic threat landscapes, highlighting that “the complexity and volume of cyber events is increasing every day.” Lovell noted that leveraging automation and AI is crucial to improving response times and enhancing business resilience. His remarks underscore CloudGuard’s dedication to delivering responsive and cost-effective cybersecurity services, supported by leading solutions from partners such as Microsoft.
The Northern Powerhouse Investment Fund, a financial initiative worth £660 million, is pivotal to regional economic development. It provides loans and equity investments to businesses across Northern England, thereby fostering growth and high-skilled job opportunities. Sue Barnard from the British Business Bank acknowledged the North West’s prominence in the cybersecurity sector, attributing recent investment activities to the region’s robust technological landscape.
CloudGuard’s expansion underscores Manchester’s rising status as a leading cybersecurity hub in the UK.
