Manchester-based cybersecurity startup Cytix has raised a $7m (£5.1m) Series A funding round to scale its change risk management platform and address security vulnerabilities in AI-driven software development.
Cytix develops security software that integrates directly into an enterprise’s software development lifecycle (SDLC).
The platform continuously monitors, validates, and evidence-logs code changes generated by AI coding assistants and automated workflows, allowing security and compliance teams to govern rapid software releases without slowing down deployment.
The fresh capital will be used to scale the company’s change risk platform following its general release, targeting enterprise customers and regulated organisations facing strict compliance standards.
Cytix distributes its software directly and through managed service partnerships with cybersecurity firm NCC Group and professional services firm KPMG.
“Software is changing,” said Cytix chief executive Ben Armstrong. “AI-assisted development means change now happens at machine speed. Meanwhile, very few security leaders have control over, or understanding of, those changes from a risk perspective.
“Right now, existing tools can tell you what vulnerabilities you have, but can’t tell you about the risk. We launched Cytix’ change risk management platform to get control of that risk.”
The investment round was led by Northern Gritstone and included returning investors Auriga Cyber Ventures and NPIF II, managed by PXN Ventures via the British Business Bank’s Northern Powerhouse Investment Fund II also participated in the round.
“The explosion of AI-assisted software development has led to a race to ensure software implementation remains secure,” said Duncan Johnson, chief executive of Northern Gritstone.
“Cytix’s platform aims to help enterprises take a realistic approach, recognising where change carries the most risk whilst allowing businesses to innovate. Northern Gritstone is proud to support another ambitious Manchester-based business in an exciting phase of its growth.”
