British cybersecurity company SafeToNet has landed £3 million in capital and resources from DuKlaw Ventures, a Swiss-based investment firm.
The company, based in Reading, develops technology to help protect social media and social network users from online abuse.
SafeToNet’s founder and CEO Richard Pursey, commented on the raise:
“SafeToNet’s pro-active cyber-harm blocking service protects anyone concerned about the personal risks of not just social networks but most other online engagement platforms. Parents in particular fret about the new-age risks faced by their children including cyber bullying, grooming, radicalisation and more.
“The relationship with DuKlaw Ventures has placed SafeToNet™ in the top league of cyber security companies and given us a solid foundation to grow internationally and with speed,” added Pursey.
SafeToNet is expected to launch in later this year.