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£850K Funding Boost for Queen's University Spin-out

02 Jun

A technology spin-out from Queen's University Belfast has completed an £850,000 investment round which will help drive international sales. Titan IC Systems secured funding from Belfast-based investors Techstart NI and Co-FundNI, which is managed by Clarendon Fund Managers. Based at the Innovation Centre in Titanic Quarter, the company provides cybersecurity systems and recently opened an office in San Francisco's famous Silicon Valley.

Godfrey Gaston, Chief Executive of Titan IC, said the investment will allow for an increase in product development and added that it is an "exciting time" in the company’s growth, especially in the target market of the US. Dr Sandy McKinnon, partner with Techstart NI, added: "Securing the content of the internet is becoming harder and harder. Titan IC's core capability of being able to analyse digital content at rates that are orders of magnitude faster than any of its competition gives its security customers a huge competitive advantage in next generation firewalls and similar systems."

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