An Australian cybersecurity start-up has raised AUD2.5m ($1.92m) to develop its anti-hacking solutions. The company, called CyberSecurity Australia, is based in Melbourne and was founded by a former cyber crime investigator who had worked for the US Department of Homeland Security. This puts us in an awesome position to help smaller businesses increase their security posture with minimal effort,” he says. He has developed a product called Polyform, which aims to disrupt hackers' activities by making it harder and less worthwhile for automated bots to break into company websites. The new funding includes investment from Westpac's firm Reinventure and Our Innovation Fund, run by prominent Australian entrepreneur David Shein. It will be used to grow the company's development team and bring its product to the US.
An Australian cybersecurity start-up has raised AUD2.5m ($1.92m) to develop its anti-hacking solutions. The company, called CyberSecurity Australia, is based in Melbourne and was founded by a former cyber crime investigator who had worked for the US Department of Homeland Security. He has developed a product called Polyform, which aims to disrupt hackers' activities by making it harder and less worthwhile for automated bots to break into company websites. The new funding includes investment from Westpac's firm Reinventure and Our Innovation Fund, run by prominent Australian entrepreneur David Shein. It will be used to grow the company's development team and bring its product to the US.