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Oscar Williams

News editor

LORCA reveals its second cohort of security scaleups

The London Office for Rapid Cybersecurity Advancement (LORCA) has unveiled its second cohort of startups and scaleups.

During a year-long accelerator programme, the 11 businesses – which focus on user-centric security and securing supply chains – will receive commercial guidance from Deloitte, and engineering support from Queen’s University Belfast.

LORCA was founded last year with £13.5m of government funding and the aim of boosting commercial adoption of cutting-edge security technology. The government claims the centre could generate up to 2,000 jobs at its base in Plexal, the former home of the Olympic Games press centre.

“Supporting these businesses through all stages of their growth will help make the UK the safest place to be online and ensure that through the government’s modern Industrial Strategy the UK maintains its position as a world leader in cybersecurity,” said the minister for digital, Margot James.

A spokesperson said that for contractual reasons two of the startup could not yet be named, but the remaining nine members of the second cohort are:

  • CyNation
  • RazorSecure
  • Bob’s Business
  • Crypto Quantique
  • OutThink
  • Distributed Management Systems
  • ObjectTech
  • Xanadata
  • CyberSmart

Stephen Meredith is the head of outbound marketing at Xanadata, which enables customers to rapidly identify threats from several months of activity in a matter of minutes. “LORCA gives us a great opportunity to collaborate with other innovative UK scaleups and gives fantastic access to cutting-edge engineering facilities and commercial coaching,” Meredith said in a statement.

ZoneFox, one of the members of the first cohort, was snapped up by US security giant Fortinet in October for an undisclosed sum. When ZoneFox was named as one of the founding members of LORCA earlier in the year, CEO Jamie Graves told NS Tech: “The support and networking that it will give start-ups and scale-ups such as ourselves will be a potential force multiplier for our business.”