Belfast cybersecurity player Uleska secures £500,000 in funding and sales
Summary
Belfast-based Uleska raised £325,000 in investment from a combination of institutional and private investors, including Techstart NI and Clarendon Fund Managers as well as Denis Murphy (co-founder of software business Anaeko), who will join the board of the company. “There continues to be a plethora of breaches and hacks at top organisations, and companies such as Uleska are developing the technology to address this issue,” said Murphy. Uleska was founded in February 2016 to address a gap in the automation of software security for internet and cloud systems. It is competing in the application security market, which is expected to grow to $9bn per year by 2022, according to industry experts Gartner. “The financial support will help us to increase market penetration, continue development of the core products and recruit some talented people to join us on this exciting journey,” Robinson added.