# Award-winning tech startup Cyan Forensics raises almost £1m in latest funding round Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2018-11-22 Category: TECHNOLOGY Category URL: https://financedigest.com/category/technology Meta Title: Award-winning Edinburgh firm secures major investment for Meta Description: Edinburgh-based Cyan Forensics, a Scottish startup, receives £900,000 investment round from Mercia Fund Managers. Cutting-edge technology aids law enforcement URL: https://financedigest.com/award-winning-tech-startup-cyan-forensics-raises-almost-1m-in-latest-funding-roundhtml ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/paul-devlin-1736840205227-compressed.jpg) - _Edinburgh-based firm now backed by international investors_ - _This follows UK government award for its cutting-edge work_ Scottish startup Cyan Forensics, which develops digital forensic technology to help law enforcement catch criminals faster, has closed a £900,000 investment round led by Mercia Fund Managers, bringing its total funding to nearly £1.5million since it was founded in 2016. Edinburgh-based Cyan Forensics’ technology finds time-critical digital evidence in minutes instead of days, helping police in highly sensitive investigations such as child sexual exploitation and counter-terrorism. The company is currently working with customers across law enforcement agencies which are seeing [success using the technology](https://www.financedigest.com/how-to-establish-a-successful-technology-strategy.html "How to establish a successful technology strategy") operationally. The company recently won an award from the UK [government for its pioneering work](https://www.financedigest.com/uk-minister-says-government-will-work-with-obr-on-economic-forecasts.html "UK minister says government will work with OBR on economic forecasts"), which recognised Cyan Forensics’ collaboration in delivering practical solutions to safeguard the nation. This latest funding round saw American private investor Don Macleod, a director of Broadcom and former CEO of National Semiconductor, join existing investors Mercia Fund Managers and The Scottish [Investment Bank](https://www.financedigest.com/investment-banks-trading-revenue-likely-to-shrink-barclays-boss-says.html "Investment banks’ trading revenue likely to shrink, Barclays boss says"), which both provided funding following their initial investments. Cyan Forensics, which operates in a market that is expected to grow at 15.9% CAGR, to $9.68billion by 2022\* has achieved significant [progress with its range of digital forensics products](https://www.financedigest.com/geometric-progression-based-on-digitization-to-be-witnessed-by-reproductive-management-products-market.html "Geometric Progression based on Digitization to be witnessed by Reproductive Management Products Market") and now has a team of 10 highly skilled professionals, including former law enforcement and military professionals. **Ian Stevenson, CEO of Cyan Forensics, said:**“This latest round of investment will enable us to take full advantage of the [market opportunities here in the UK and start developing our business](https://www.financedigest.com/new-report-of-fuel-conditioning-system-market-with-size-growth-drivers-market-opportunities-business-trends-and-forecast-to-2028.html "New Report Of Fuel Conditioning System Market With Size, Growth Drivers, Market Opportunities, Business Trends And Forecast To 2028") internationally, as well as exploring other opportunities for our technology in cyber security. The [whole team](https://www.financedigest.com/are-your-it-team-telling-you-the-whole-truth.html "Are your IT team telling you the whole truth?") is excited about the success we’re seeing in our first operational deployments and the opportunities in front of us to contribute to public safety.” **Paul Devlin, [Investment Manager](https://www.financedigest.com/pragma-investments.html "Pragma Investments on Wealth Management versus Private Banking") at Mercia, said:**“We’re delighted to continue to support Cyan Forensics. This is the latest seed investment, having first backed the team as a spinout from Edinburgh Napier University, they are making excellent progress as they begin to scale up. We believe the [business has the potential to make a real](https://www.financedigest.com/the-real-potential-of-web-3-0-and-blockchain-for-business.html "The Real Potential of Web 3.0 and Blockchain for Business") difference to the speed at which agencies are able to investigate highly sensitive crime using its innovative forensic technology. The customer base of government and law enforcement agencies is highly impressive and places the company in a great position for [future](https://www.financedigest.com/automotive-catalytic-converter-market-trends-growth-future-demand-analysis-and-forecast-by-2028.html "Automotive Catalytic Converter Market Trends, Growth, Future Demand, Analysis and Forecast by 2028") growth.” **Kerry Sharp, Director of the Scottish Investment Bank, said:** “Scottish Enterprise has supported Cyan Forensics from an early stage and it is great to see the progress that has been achieved to develop and commercialise new [technology in the area of digital](https://www.financedigest.com/how-banks-can-use-digital-technology-to-become-more-sustainable.html "How banks can use digital technology to become more sustainable") forensics. This round of [investment will provide the capital to start expansion internationally and into adjacent markets](https://www.financedigest.com/a-holistic-approach-to-esg-is-the-best-chance-of-success-in-a-competitive-private-equity-investment-market.html "A holistic approach to ESG is the best chance of success in a competitive private equity investment market"). We look forward to continuing to work with the company, both from an investment perspective and through our account management support, to deliver its [long-term growth](https://www.financedigest.com/technical-textiles-market-2021-2031-potential-growth-attractive-valuation-make-it-is-a-long-term-investment.html "Technical Textiles Market (2021–2031)| Potential growth, attractive valuation make it is a long-term investment") ambitions.” --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---