This document summarizes four cybersecurity startups that were accepted into the Cyber London accelerator program: 1. Torsion helps businesses manage access to documents and information to reduce insider security breaches. It was recently accepted into Cyber London. 2. Ukkobox encrypts and distributes user files across multiple cloud services to securely store personal data for small businesses. It is applying for grants and fundraising. 3. Intruder provides cloud-based security monitoring and vulnerability scanning for internet-facing systems. It aims to make cybersecurity accessible for all business levels. 4. Crypta Labs is developing a quantum random number generator security chip that can encrypt devices. It has raised funding and aims to solve

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Torsion
Founder: Peter Bradley
Base: London
Funding: Currently funded through
bootstrapping. Received equity
investment from accelerator
Cyber London.
Founded in London
in 2013, Torsion
sets out to reduce
the risk of insider
security breaches by
managing daily business decisions
about who should have access to
which documents and information.
Many insider security breaches,
the startup says, emerge as a result of
staff having access to information they
shouldn’t have – frequently caused by
inadequate information governance,
processes and tools.
Torsion says it makes it very easy
for businesses to decide who has
access to which information and then
manages all of the individual access
configurations.
The startup was recently accepted
on to Cyber London (or Cylon),
Europe’s first cybersecurity startup
accelerator.
“Our acceptance into the
programme is a distinguished
endorsement of our innovative
idea, product execution, and unique
approach to this crucial problem
space,” Bradley told Tech City News.
THERE ARE A NUMBER
OF PROMISING NEW
COMPANIES EMERGING IN
THE CYBERSECURITY SPACE.
YESSI BELLO PEREZ TAKES
A LOOK AT FOUR OF THESE
RISING STARS.
SPECIALreport
risingstars
Ukkobox
Founders: Rafael Libardi, Paul Chu
Ngum and Edgard Regolao Jr.
Base: Bristol, now at Cylon in London
Funding: Each founder invested
approximately £5,000 in the company
during the bootstrapping stage.
Also accepted on
to Cyber London,
Ukkobox helps SMEs
deal with personal data
in a safe and compliant
manner. The startup’s technology
encrypts and spreads user files across
various existing clouds.
“We also handle and select the best
clouds to store the parts, according to
user requirements, data regulation laws
and geopolitical issues,” said Rafael
Libardi, the firm’s co-founder.
“Because we go beyond encryption,
an attacker would need to hack each
of these providers, steal the parts,
discover how to join them and finally
decrypt the file in order to see its
contents,” Libardi added.
Having released its public alpha
version, the startup is applying for
various research and development
grants whilst also planning to raise
seed funding.
According to Libardi, the biggest
challenges for startups in the
cybersecurity space are dealing with
very sensitive data and gaining a
reputation and trust in the market.
“We can’t follow the straight
lean methodology, because in
cybersecurity trust is very important,
so it is better to wait and have a
better-tested product, than a buggy
and vulnerable one that will make
the company lose its reputation,”
he concluded.
Intruder
Founders: Chris Wallis and
David Robinson
Base: London
Funding: Bootstrapped funding.
Founded in April 2015, a week before
it joined the Cylon accelerator, the
startup is now part of the IncuBus/
PwC Future of Work programme.
“So we were really in at the deep
end from the start. The mentoring we
received [at Cylon] was invaluable in
helping us refine our early ideas into
a saleable product,” said co-founder
Chris Wallis.
The startup defines itself as
“a proactive security monitoring
platform for internet-facing systems”
and claims to provide a simple
cloud-based security solution that
continually scans digital assets,
highlighting vulnerabilities and
outlining remediation advice.
Wallis added: “Information security
is no longer the preserve of techies
in the basement, it’s a board-level
issue and needs to be understood
by everyone. Intruder helps make
cybersecurity accessible, while
providing a clear view of the latest
risks to your business.”
Crypta Labs
Founder: Joe HQ Luong
Base: London
Funding: Self-funded until October
2015, but has since raised £40k
through Angels Den.
Founded in January 2014, this award-
winning mobile security startup is
developing a Quantum (True) Random
Number Generator (QRNG). The startup
claims it is one of only 12 companies in
the world to have this capability.
“Our vision is to be the leading
security solution to secure the Internet
of Everything and mission-critical
systems connected to the Internet of
Things. This vision will be realised
by building a QRNG security chip.
The Crypta Labs chip can be used to
encrypt anything from sensitive data to
transactions,” said Joe HQ Luong, the
company’s founder and CEO.
Crypta Labs’ chip can be inserted
in all devices that require hardware
encryption, such as mobile phones,
laptops or tablets.
The chip, said the CEO, is also
relevant for a wide range of industries
such as government, defence,
healthcare, financial services,
communications, network security and
transportation.
“However, for this to be viable,
encryption needs to have a low power
usage, low storage, small size and low
cost. This is currently a major challenge
which we are aiming to solve,” he
concluded. n
RISING
STARS IN
CYBERSECURITY
Yessi Bello Perez
Reporter
Tech City News
@yessi_kbello