Hat Trick for Hut Six as the Cyber Security Company Scales for Growth

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Development Bank of Wales , 9th February 2023

Hut Six Security Ltd, the Newport-headquartered developer of software-based information security training products has completed a third fundraise taking total investment in excess of £1 million.

The latest round has been led by the Development Bank of Wales with their third equity investment of £200,000 being matched by a further £200,000 from Wesley Clover and the Waterloo Foundation. Hut Six will use the investment to support product development, increase marketing and expand internationally. The company is also working towards National Cyber Security Centre (NCSC) accreditation for their training.

Andy Morris, DBW, centre, with Simon Fraser and Daniel Steward, Hut Six.

Launched in 2017, Hut Six is an alumni of The Alacrity Foundation. The company has designed and developed a security awareness training and phishing simulation platform that enables clients to raise awareness and indicate appropriate corrective behaviour amongst IT users to combat cyber threats. By minimising the risks of human error, Hut Six supports organisations in creating a responsible, security-conscious culture.

One of the most recent initiatives at Hut Six is the creation of cyber shorts: a completely free series of six bite-sized lessons covering the essentials about phishing, passwords, using the web safely, devices and malware, social media, and scamming.

Simon Fraser, Chief Executive at Hut Six, said:

“Our cyber shorts have been developed to help educate people against the cyber threats they face in the workplace and at home. These are a resource intended for anyone and everyone looking to upskill their cyber awareness. Crafted to bring any level of user easy to implement tips for improving information security, each tutorial can be completed in 3 minutes or less – training which everyone has time for.

“It’s one example of how our growing team is building a product portfolio that provides continuous value, is automated where possible and provides a tailored experience at scale. The continued support of our early-stage investors is a reflection of their commitment to following their money and an endorsement of the progress that we are making.”

Investment Executive Andy Morris said:

“We are here to help early stage technology companies that have the potential to rapidly expand and generate new employment hence our follow-on equity investment in Hut Six. We are excited to continue the journey with our co-investors as Simon and the team further develop their solution, helping global companies with the important task of improving employee security awareness and building secure cultures.”

Mae Hut Six Security Ltd, datblygwr sydd â phencadlys yng Nghasnewydd o gynhyrchion hyfforddiant diogelwch gwybodaeth sy’n seiliedig ar feddalwedd, wedi cwblhau trydydd rownd codi arian gan ddod chyfanswm y buddsoddiad i fwy na £1 miliwn.

Mae’r rownd ddiweddaraf wedi’i harwain gan Fanc Datblygu Cymru gyda’u trydydd buddsoddiad ecwiti o £200,000 yn cael ei gyfateb â £200,000 pellach gan Wesley Clover a’r Waterloo Foundation. Bydd Hut Six yn defnyddio'r buddsoddiad i gefnogi datblygu cynnyrch, cynyddu marchnata ac ehangu'n rhyngwladol. Mae'r cwmni hefyd yn gweithio tuag at achrediad y Ganolfan Seiber Ddiogelwch Genedlaethol (CSDC) ar gyfer eu hyfforddiant.

Wedi'i lansio yn 2017, mae Hut Six yn alwmni o’r Alacrity Foundation. Mae'r cwmni wedi dylunio a datblygu llwyfan efelychu hyfforddiant ymwybyddiaeth diogelwch a gwe-rwydo sy'n galluogi cleientiaid i godi ymwybyddiaeth a dangos ymddygiad cywirol priodol ymhlith defnyddwyr TG i frwydro yn erbyn bygythiadau seiber. Trwy leihau'r risgiau o gamgymeriadau dynol, mae Hut Six yn cefnogi sefydliadau i greu diwylliant cyfrifol, sy'n ymwybodol o ddiogelwch.

Un o fentrau diweddaraf Hut Six yw creu seiber siorts: cyfres hollol rhad ac am ddim o chwe gwers fach sy'n ymdrin â hanfodion gwe-rwydo, cyfrineiriau, defnyddio'r we yn ddiogel, dyfeisiau a meddalwedd faleisus, cyfryngau cymdeithasol, a sgamio.

Dywedodd Simon Fraser, Prif Weithredwr Hut Six:

“Mae ein seibr siorts wedi’u datblygu i helpu i addysgu pobl yn erbyn y bygythiadau seibr y maent yn eu hwynebu yn y gweithle ac yn y cartref. Adnodd yw’r rhain sydd wedi’u bwriadu ar gyfer unrhyw un a phawb sydd am uwchsgilio eu hymwybyddiaeth seibr. Wedi'i saernïo i ddod ag unrhyw lefel o awgrymiadau defnyddiwr hawdd eu gweithredu ar gyfer gwella diogelwch gwybodaeth, gellir cwblhau pob tiwtorial mewn 3 munud neu lai - hyfforddiant y mae gan bawb amser ar ei gyfer.

“Mae’n un enghraifft o sut mae ein tîm cynyddol yn adeiladu portffolio cynnyrch sy’n darparu gwerth parhaus, sy’n awtomataidd lle bo modd ac yn darparu profiad wedi’i deilwra ar raddfa fawr. Mae cefnogaeth barhaus ein buddsoddwyr cyfnod cynnar yn adlewyrchiad o’u hymrwymiad i ddilyn eu harian ac yn gymeradwyaeth i’r cynnydd yr ydym yn ei wneud.”

Dywedodd y Swyddog Buddsoddi, Andy Morris:

“Rydym yma i helpu cwmnïau technoleg cyfnod cynnar sydd â’r potensial i ehangu’n gyflym a chreu cyflogaeth newydd a dyna pam rydym wedi gwneud buddsoddiad ecwiti dilynol yn Hut Six. Rydym yn gyffrous i barhau â’r daith gyda’n cyd-fuddsoddwyr wrth i Simon a’r tîm ddatblygu eu datrysiad ymhellach, gan helpu cwmnïau byd-eang gyda’r dasg bwysig o wella ymwybyddiaeth o ddiogelwch gweithwyr a meithrin diwylliannau diogel.”