Railway Cyber Security Firm Secures £1.3m to Deliver Growth Programme
April 06, 2023
RazorSecure has received backing of £1.3m from FDC to fund their growth programme, set to create at least 67 jobs in the UK.
RazorSecure Limited has secured a £1.3 million investment in support of their ambitious growth programme to become the leading supplier of rail cyber security products across the UK and globally. Over the next five years, the firm will pursue geographical expansion that spans Europe and North America, creating at least 67 new jobsin the UK.
The funding was provided by Frontier Development Capital (FDC) from the Advanced Manufacturing Supply Chain Initiative (AMSCI) Recycled Fund, supporting businesses in the manufacturing supply chain. The firm provides loan investment to help address market failures, increase growth potential, and support job creation.
Founded in 2014, RazorSecure is renowned for developing and deploying cyber security solutions designed to protect railway systems and critical infrastructure from malicious intrusion. They have an established client-base including leading train manufacturers and operators such asSiemens, Northern Trains, and West Midlands Trains.
Alex Cowan, CEO & Founder of RazorSecure Ltd, said:
“From inception, RazorSecure has continued to grow and develop, providing much-needed cyber security solutions for established leading train manufacturers and operators, protecting railways systems and infrastructure.
“We are grateful for the previous funding provided by FDC during RazorSecure’s start-up phase, which was crucial to the growth and development of the business, and its success today. This additional support will help us to extend the reach of our cyber security products across the global rail market by enabling the continued investment in staff and product development.”
The company previously secured a £750,000 loan from FDC in 2018, supporting their initial start-up phase.
Jack Glonek, Investment Director at Frontier Development Capital, said:
“Frontier Development Capital's AMSCI Recycled Fund, supports UK-based global businesses to drive growth, and this investment, following FDCs previous funding, will allow RazorSecure to continue with its journey in becoming a leading supplier of cyber security products for the global rail market.
“FDC is looking forward to continuing its work with RazorSecure, and after seeing them grow over the last 5 years into a successful business, we’re happy that our support will enable further employment in such a crucial sector of the UK’s economy.”
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