Sunderland cyber security firm seals £625,000 investment to trigger growth

A North East cyber security business has become the first to secure investment from the Venture Sunderland Fund.
FAT32 has secured a £625,000 finance deal, which includes £350,000 from the fund which was launched earlier this month by fund managers Northstar Ventures. The Sunderland business is making changes in the regulatory tech industry, helping to transform cyber-security compliance from a lengthy chore to an effortless process, with potential cost savings of up to 70%.
The business says customers using its flagship OneClickComply tool can complete compliance tasks up to 20 times faster than traditional methods, putting it in a strong position to perform well in a cyber-security market estimated to be worth £11bn in 2023 – a figure set to almost double to £20bn by 2029.
FAT32 was formed by Connor Greig, Conor Sizeland and David
Recommend
NHS software supplier Kainos reports drop in revenue amid tough trading environment
2025-04-15 01:28:56
2025-04-15 01:28:56
Middlesbrough games studio Radical Forge creates jobs with £2.6m funding
2025-04-15 01:28:56
2025-04-15 01:28:56
Singapore's Winking Studios eyes London AIM market for dual listing, expansion plans
2025-04-15 01:28:56
2025-04-15 01:28:56
Virgin Media O2 divests further stake in Cornerstone Towers to Equitix for £186m amidst revenue dip
2025-04-15 01:28:56
2025-04-15 01:28:56
Chief executive of one of Wales' leading tech firm IQE quits with immediate effect
2025-04-15 01:28:56
2025-04-15 01:28:56
Filtronic points to more contracts in the pipeline as expansion takes shape
2025-04-15 01:28:56
2025-04-15 01:28:56
ITV Studios revenue drop impacts profits despite advertising gains
2025-04-15 01:28:56
2025-04-15 01:28:56
Chipmaker Graphcore to increase workforce by 20 per cent
2025-04-15 01:28:56
2025-04-15 01:28:56
UK Competition Authority sets terms for Vodafone and Three's £15bn merger
2025-04-15 01:28:56
2025-04-15 01:28:56
Tech firm Kromek remains loss-making despite record revenues
2025-04-15 01:28:56
2025-04-15 01:28:56