Nothreat, an AI-driven cybersecurity company focused on securing IoT (Internet of Things) environments, has successfully closed its seed funding round, confirming a £40m valuation.
The investment, led by Algara Group, highlights growing confidence in Nothreat’s ability to tackle emerging AI-powered cyber threats.
The exact funding amount remains undisclosed.
Nothreat has developed AIoT Defend, a cutting-edge software-based firewall tailored for IoT devices. AIoT Defend is lightweight and designed to integrate directly into edge devices, providing real-time, adaptive protection. The system leverages advanced AI trained on high-quality data to detect and neutralise cyber threats, including zero-day attacks, while simplifying security management.
With the new funding, Nothreat plans to expand its AI security research and extend its market reach.
The company is working with Lenovo to enhance IoT security and is supporting cybersecurity efforts at COP29, a major climate conference organised by the United Nations. Additionally, it is securing the digital infrastructure of Pafos FC, a leading European football club.
Sergej Kostenko, CEO of Nothreat, said, “AI-generated cyber threats are evolving rapidly, and traditional security measures are struggling to keep up. We are building solutions that anticipate, detect, and neutralize threats before they can cause harm. This investment allows us to push our research further, expand our global footprint, and equip businesses and governments with next-generation cybersecurity defenses.”
Algara Group founder Andrey Draganov commented on the investment, stating, “Effective cybersecurity is not just about responding to threats but proactively anticipating and neutralizing them before they cause harm. Nothreat’s patent-pending technology, combined with its advanced AI-driven approach, positions the company at the forefront of cybersecurity innovation, providing organizations with a strategic advantage in protecting their critical assets.”
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