Glasswall secures £15M from Michael Spencer through IPGL

Glasswall Solutions, a London, UK-based cybersecurity software company developing file regeneration technology, announced that it closed a £15 million ($19.6M) strategic funding round.

The moey was raised from investors led by Michael Spencer through IPGL, his personal investment vehicle.

The proceeds will be used for further development of its portfolio of Glasswall FileTrust products and to scale its sales and marketing to grow its customer base across the US, Canada and Europe.

Glasswall Solutions, founded in 2005 and led by CEO Greg Sim, developed a patent-protected Deep-File Inspection, Remediation and Sanitisation Technology – d-FIRST – an innovative methodology for the prevention of malware and understanding of organisational risk from file-borne cyber-attacks.

The forensic data that Glasswall provides delivers an insight into threats already within networks and through its Glasswall FileTrust ATP for Email security platform and SDK, provides insight into unknown and as yet undetected cyber threats.