finance

£5 million funding for tech firm which finds illegal digital content



A Scottish technology company has received more than £5m in funding for its software that helps find and block digital content from paedophiles and terrorists.

Edinburgh-headquartered Cyan Forensics’ investment round was led by Par Equity, alongside existing investors Mercia, Triple Point, SIS Ventures, Scottish Enterprise and the MacLeod Family Trust.

The new round of funding brings the total support date for the company to £8m, all of which will accelerate Cyan’s plan for global growth over the next two years.

The company’s technology which was designed to help law enforcement, social media and cloud computing companies.

It was founded in 2016 by chief technology officer Bruce Ramsay – a former police forensic analyst – and chief executive Ian Stevenson.

Cyan Forensics’ tools allow police to find evidence of child abuse or terrorist activity on suspect’s computers in just minutes, replacing processes that previously took many hours and typically happened in a forensics lab weeks or months after an arrest.

It has a contract with the UK’s Home Office to provide tools to police forces across the UK as part of the Child Abuse Image Database.

Stevenson said: “Our technology is already making a significant impact within counter terror and child sexual abuse investigations in the UK, and we’re excited to build on this momentum in mainland Europe and the US.

“We’ve built a great network of partners to support our ambitious growth plans, and our team will double in size during each of the next two years to support this growth.

Paul Munn, managing partner at Par Equity, said: “The funding will help Cyan scale up, strengthen their position in global markets and build out further applications for the contraband filter technology in social media, cloud and other online use cases.

“As an active seed to Series A investor, backing the best technology companies in the North of the UK, Cyan is in the sweet spot for us, and we’re excited about what the future holds.”

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