Syphan Secures Funding

Connect Yorkshires 2007 Investment Forum presenters Syphan Technologies- has recently received £250,000 investment

Connect Yorkshires 2007 Investment Forum presenters Syphan Technologies- has recently received £250,000 investment from YFM Group managed Yorkshire & Humber Equity Fund (YHEF). This Skipton based company which specialises in producing innovative internet security software has developed the highest performance network security appliances in the industry - which runs ten times faster than the usual bandwidth and can detect parts of viruses previously not detected. The company provides the software to businesses and service providers, to protect their networks and when launched will be the first in the world to provide intrusion protection, content monitoring and data leakage prevention at line-rate 10 Gb/s. Prior to this in 2006 Syphan Technologies were awarded a research grant by Yorkshire Forward. This grant was used for research which made it possible for them to conduct research to confirm that their concepts could be brought to market. In 2007 Syphan were developing this hardware-based product that combines multiple security functions at low latency and high-speed so as to secure high-speed transmission links. At this time they were based in Barrow Haven with a small team of experienced engineers and business managers. This team successfully demonstrated its technology later that year. As a result of the YHEF investment Syphan have completed their first product design, improve manufacturing processes and improve its engineering and commercial operations in readiness for its initial product launch later this year. Chief executive Pravin Mirchandani said: "The amateur hacker has been supplanted by the professional criminal. As a result, today's businesses face threats that involve fraud, identity theft and illegal access. This changed threat model requires a radically different solution to cope with the stealth-based attacks of the modern-day hacker-criminal. "YHEF understood our proposition from day one, did the research to understand the nature and size of the opportunity and then demonstrated the backing and flexibility to make sure we could go forward."