The news follows a year where Siren reported 162 per cent revenue growth and opened its new headquarters in the Galway Innovation District. The company was also awarded its first patent, and has an additional four pending.
“The European Investment Bank is committed to supporting cybersecurity innovation and accelerating development of cutting-edge technology to improve security of citizens around the world. The EUR 12 million backing for Siren will enhance analysis and investigation of data to combat human trafficking, strengthen law enforcement and tackle fraud.” said Kris Peeters, European Investment Bank Vice President.
Developed as a spinout from Data Intensive Infrastructure, the big data and knowledge representation research group at NUI Galway, Siren offers an investigative intelligence platform that makes it easier to use data to answer questions and make links, find patterns and relationships. It makes data accessible through real-time search, dashboard analytics, knowledge graphs and real-time alerts.
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European Investment Bank backs Siren with €12m investmentGalway-based cybersecurity company Siren has secured €12 million in funding from the European Investment Bank (EIB) Many thanks for the mention 🙏
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