About Cytix
Cytix is a company based in Manchester (United Kingdom) founded in 2022 by Thomas Ballin and Ben Armstrong.. Cytix has raised $2.42 million across 2 funding rounds from investors including Praetura Ventures and SFC Capital. The company has 5 employees as of December 31, 2023. Cytix offers products and services including Intelligence Engine, Testing Action Orchestration, and Micro Pentests. Cytix operates in a competitive market with competitors including Coalfire, Tripwire, XM Cyber, Cobalt and FireMon, among others.
- Headquarter Manchester, United Kingdom
- Employees 5 as on 31 Dec, 2023
- Founders Thomas Ballin, Ben Armstrong
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Cytix Ltd
- Date of Incorporation 12 Apr, 2022
- Jurisdiction MANCHESTER, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.42 M (USD)
in 2 rounds
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Latest Funding Round
$2.14 M (USD), Series A
Sep 26, 2024
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Investors
Praetura Ventures
& 1 more
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Employee Count
5
as on Dec 31, 2023
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Products & Services of Cytix
Cytix offers a comprehensive portfolio of products and services, including Intelligence Engine, Testing Action Orchestration, and Micro Pentests. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Analyzes tickets to detect potential vulnerabilities in applications.
Coordinates automated and manual tests based on development changes.
Performs focused penetration tests for specific application vulnerabilities.
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Funding Insights of Cytix
Cytix has successfully raised a total of $2.42M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $2.14 million completed in September 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $2.1M
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First Round
First Round
(12 Apr 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2024 | Amount | Series A - Cytix | Valuation | Praetura Ventures |
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| Apr, 2023 | Amount | Seed - Cytix | Valuation | SFC Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cytix
Cytix has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Praetura Ventures and SFC Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided by Praetura Ventures.
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Introductions between investors and early-stage companies are facilitated for funding.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cytix
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Cytix
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cytix Comparisons
Competitors of Cytix
Cytix operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Coalfire, Tripwire, XM Cyber, Cobalt and FireMon, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
IT security governance, risk, and compliance solutions are provided.
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Cybersecurity solutions are provided for integrity and compliance management.
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| domain | founded_year | HQ Location |
Cyber risk and vulnerability assessments are provided for enterprises.
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Application security testing is delivered via a cloud-based platform.
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Vulnerability assessment and management solutions for networks are provided.
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Cyber risk management, mitigation, and insurance solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cytix
Frequently Asked Questions about Cytix
When was Cytix founded?
Cytix was founded in 2022 and raised its 1st funding round 1 year after it was founded.
Where is Cytix located?
Cytix is headquartered in Manchester, United Kingdom. It is registered at Manchester, Greater Manchester, United Kingdom.
Is Cytix a funded company?
Cytix is a funded company, having raised a total of $2.42M across 2 funding rounds to date. The company's 1st funding round was a Seed of $285.66K, raised on Apr 12, 2023.
How many employees does Cytix have?
As of Dec 31, 2023, the latest employee count at Cytix is 5.
What does Cytix do?
Cytix was founded in 2022 in Manchester, United Kingdom, as a cybersecurity firm focused on vulnerability management. A cloud-based platform is provided to integrate security testing into user workflows. Vulnerabilities are identified and addressed through collaboration with a dedicated cluster of penetration testers. Operations center on enabling proactive risk assessment for organizations in the digital security sector.
Who are the top competitors of Cytix?
What products or services does Cytix offer?
Cytix offers Intelligence Engine, Testing Action Orchestration, and Micro Pentests.
Who are Cytix's investors?
Cytix has 2 investors. Key investors include Praetura Ventures, and SFC Capital.
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