London-based FinTech Nuke From Orbit raises €585k pre-seed to deliver smarter smartphone security.
In brief:
- The startup, which aims to revolutionise mobile security, attracted leading investors with its innovative approach to protecting financial accounts and personal identifiable information (PII).
- With smartphones increasingly used to run people’s lives, having a phone stolen is no longer just about replacing a handset; there is critical, valuable data stored on it.
- The company will use the funding to prepare the technology for public beta testing in the UK market in late 2024 and expand the team to bring partners on board.
What does this mean?
‘‘We are thrilled for the support from our investors who believe in our mission to safeguard mobile data. This investment is not just a financial boost, but a propelling force that will catapult us towards expanding our partner base as we gear up to launch our dynamic partner portal. Our focus is clear: we’re on a mission to halt cybercriminals in their tracks, ensuring that people’s invaluable data remains secure and out of reach from prying eyes. While this monumental task has only been partially tackled before, with the backing of our investors, we’re now in a power-packed position to turn this ambition into reality,” said James O’Sullivan, CEO and founder of Nuke From Orbit.
