Member Article

Cyber security business helmed by former BAE Systems experts raises £12m

London’s Garrison Technology Limited, which specialises in enterprise cyber security, has closed a £12m funding round led by Touchstone Innovations.

BGF Ventures, NM Capital and existing angel investors also participated in the funding round for the Islington-headquartered company, which has developed an anti-malware product that it claims can block the ‘highest impact’ cyber threats.

Founded in 2014, the business is helmed by cyber security professionals who have previously worked for Detica Group, a security tech group which BAE Systems acquired back in 2008.

This includes Chief Executive Officer, David Garfield who former headed up Detica’s Cyber Security Division, and Co-Founder and Chief Technology Officer, Henry Harrison, who previously held the position of Senior Technology Strategy Director at BAE Detica.

Today’s funding represents the second investment from Touchstone, formerly Imperial Innovations, following an initial investment in 2015 and means the investment firm now holds a 22.5% stake in the company.

Jon Edington, Director Technology Ventures at Touchstone Innovations, commented: “Almost daily we read how major enterprises and governments are suffering from targeted and high-impact cyber-crime. Garrison’s solution directly addresses this problem with an innovative and differentiated technology that has been shown to effectively remove whole classes of cyber threat.

“The Company is led by a top quality, ambitious and commercially minded management team, operating in a high growth global market, so all of the key ingredients are in place to enable us to build a substantial business.”