Phaze Ventures Invests in UK Cybersecurity Firm CyberOwl

Phaze Ventures today announced its participation in CyberOwl's $5.1mil Series-A financing alongside investment firms 24Haymarket, Techstars and Brookstreet Equity.

CyberOwl, a UK based B2B software-as-a-service startup, provides cyber risks monitoring systems for maritime asset operators to help gain visibility on cyber risks across their fleet. The deal marks Phaze Ventures 2nd investment into maritime software vertical after its investment into US based Voyager.

In the wake of high profile cyber attacks in the maritime sector, CyberOwl has experienced a significant uptick in customer growth. In 2022 so far this has resulted in a 5x growth of vessels deployed, and a pipeline of a further 3x in new bookings.

Speaking on the occasion Daniel Ng, CEO of CyberOwl, said: "Cyber-securing shipping systems has become mission critical. This funding round gives us the rocket fuel to continue being the sector's frontrunner. It enables us to ensure that our customers continue to experience the high-quality thought leadership, engagement, technology and service that CyberOwl is known for."

Abdullah Al-Shaksy, Co-Founder & CEO, added: "We are excited to be joining CyberOwl at this inflection point cybersecurity in the maritime industry. The company has successfully built a very strong pipeline of over 2,000+ vessels and we believe this round of finance will cement their dominance in the sector, and we look forward to supporting their mission in the GCC."