Home intelligence startup secures six-figure seed investment

A tech startup specialising in preventing cybercrime has secured up to £150k investment after winning a competition for startup businesses.

Zobi has secured the six-figure equity funding through institutional investors Worth Capital after winning The Start Up Series competition.

The cybersecurity business is set to launch its first consumer product, Hedgehog, later this year.

Hedgehog, which detects and prevents cybercrime across multiple devices across the home network, uses artificial intelligence to discern between routine and non-routine communication.

Zobi plans to use the funding to expand operations ahead of its flagship product launch in September.

Scott Lever, founder of Zobi, commented: “We have so many connected devices in the home from nanny cams and speakers to smart fridges, digital doorbells and games consoles, that we need security for all of them.

“Our vision is to protect at least two million homes and families from cyber-attacks by 2025 so this investment will support our efforts to grow substantially over the next 12 months in order to do so.”