Crowd Threat Raises £1Mn to Strengthen Global Threat Monitoring Operations

The funding was provided by two investment funds: the North East Accelerate Fund and NPIF II – PXN Equity Finance. These funds are managed by Mercia Ventures and PXN Ventures, respectively.

The investment will help Crowd Threat strengthen its global operations and develop its threat intelligence services to reach more customers in different parts of the world.

According to Michael McCabe, CEO, while working in Iraq, the security professionals would share information in an online forum. “If an explosive device went off in the morning, by the end of the day we would know all the background. I came away thinking, why can’t we tap into local networks around the world? Technology now allows us to threats on a global scale. Using local people who understand the language and culture means we can report incidents more quickly and identify threats Western analysts may miss.”

Laurence Tan, Senior Investment Associate, PXN Ventures, said: “In today’s rapidly changing world, we’re seeing more businesses developing technology to help combat or raise awareness of growing geopolitical risks. Crowd Threat is doing exactly this, bringing new thinking to the threat intelligence conversation and aligning with the government’s Modern Industrial Strategy, which highlights defence as a key area. We’re proud to be backing Michael and the team with NPIF II funding to help scale this very timely innovation.”

Founded by Michael McCabe, a former British Army intelligence officer, Crowd Threat has built a platform that gathers information about security risks from people living in different parts of the world. It tracks events such as wars, terrorist attacks, protests and criminal activities.

Unlike traditional intelligence companies that mostly collect information from news websites, social media and online sources, Crowd Threat gets updates directly from people in affected areas.

Many of these local contributors have experience in security and intelligence. They report incidents from their regions, helping Crowd Threat provide faster and more direct information about potential threats.

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