Cytix

Cytix has raised $7m (£5.1m) in a Series A funding round to scale its change risk management platform and address security vulnerabilities in AI-driven software development.

Summary of transaction details:

• Value: $7m (£5.1m)
• Sector: Software & SaaS
• Advisor: null
• Key Entities: Cytix, Northern Gritstone, Auriga Cyber Ventures, NPIF II
• Location: Manchester, UK

Note: This deal highlights the growing importance of cybersecurity in the software development lifecycle and the need for innovative solutions to address security vulnerabilities in AI-driven software development.