Nothreat™, a pioneering cybersecurity firm specializing in AI-driven security and IoT protection, has successfully closed its seed funding round at an undisclosed amount, confirming its valuation at £40 million. The investment, led by Algara Group, highlights strong market confidence in Nothreat’s capability to address the rising wave of AI-powered cyber threats and protect interconnected digital infrastructures.
Cybersecurity Market Growth and the Need for AI Protection
The cybersecurity market is witnessing rapid expansion, with projections indicating growth from $183 billion in 2024 to $292 billion by 2028, fueled by increasingly sophisticated AI-driven cyberattacks. Likewise, the IoT cybersecurity market is forecasted to reach $39.6 billion by 2033, emphasizing the critical need for advanced security solutions as billions of connected devices become prime cyberattack targets.
AIoT Defend: A Breakthrough in IoT Security
At the heart of Nothreat’s innovation is its AI-powered IoT firewall, AIoT Defend. Traditional hardware firewalls struggle to secure vast networks of edge devices, especially smaller ones. Nothreat’s software-based firewall is exceptionally lightweight, enabling direct deployment on almost any Edge IoT device. Leveraging AI trained on clean, high-quality data, the solution provides adaptive protection against even zero-day attacks while simplifying overall security management.
The company’s security framework is further reinforced by its US and EU patent-pending technology, Nothreat CyberEcho. This advanced system employs clone-based traps to divert attackers from critical assets, significantly enhancing threat detection by an average of 55% over conventional solutions.
Enterprise Trust and Global Partnerships
Nothreat has gained the trust of major enterprises, underscoring its credibility and scalability in the cybersecurity industry. Notable collaborations include:
- Lenovo: Strengthening IoT edge device security.
- Azerconnect Group: Enhancing cybersecurity at COP29, a major UN climate conference.
- Pafos FC: Securing the digital infrastructure of the leading Cyprus European football club.
Leadership Insights on AI-Powered Cybersecurity
“AI-generated cyber threats are evolving rapidly, and traditional security measures are struggling to keep up,” said Sergej Kostenko, CEO of Nothreat. “We are building solutions that anticipate, detect, and neutralize threats before they can cause harm. This investment allows us to push our research further, expand our global footprint, and equip businesses and governments with next-generation cybersecurity defenses.”
Andrey Draganov, Founder of Algara Group, emphasized the strategic importance of Nothreat’s innovations: “Effective cybersecurity is not just about responding to threats but proactively anticipating and neutralizing them before they cause harm. Nothreat’s patent-pending technology, combined with its advanced AI-driven approach, positions the company at the forefront of cybersecurity innovation, providing organizations with a strategic advantage in protecting their critical assets.”
Future Expansion and AI Security Advancements
With the fresh investment, Nothreat plans to:
- Expand AI-driven security research.
- Scale operations into new markets.
- Deepen partnerships with enterprises and public-sector organizations.
As AI-powered cyber threats continue to increase in complexity, Nothreat stands poised to lead the next evolution in cybersecurity innovation.
