Cytix Secures $7 Million in Series A Funding Led by Northern Gritstone

Cytix Raises $7 Million in Series A Funding

Cytix, a Manchester-based cybersecurity firm, has successfully raised $7 million in a Series A funding round. Known for providing a security decision layer in a world where software development never stops, Cytix aims to address the growing cybersecurity challenges posed by AI-driven software development.

Funding Details

The funding round, announced on August 12, 2026, was led by Northern Gritstone. Other investors include Auriga Cyber Ventures and NPIF II – PXN Equity Finance. This financial boost will enable Cytix to scale its operations and further develop its change risk management platform.

What Cytix Does

Cytix offers a platform that continuously monitors and analyzes software changes, assessing the security risks associated with these changes. The platform's ability to provide real-time risk assessments is particularly crucial as AI accelerates the pace of software development.

Founders and Leadership

Cytix was founded in 2022 by Ben Armstrong, Thomas Ballin, and Matt Milan. Armstrong, who serves as a co-founder, highlighted the need for their platform, stating: "AI-assisted development means change now happens at machine speed. Very few security leaders have control over, or an understanding of those changes from a risk perspective."

Strategic Use of Funds

The newly acquired funds will be used to accelerate the rollout of Cytix's change risk management platform, which is designed to help enterprises and regulated sectors manage security risks. The company also plans to expand its team to better serve its growing customer base.

Investor Insights

Duncan Johnson, CEO of Northern Gritstone, expressed confidence in Cytix's potential: "The explosion of AI-assisted software development has led to a race to ensure software implementation remains secure. Cytix’s platform aims to help enterprises take a realistic approach, recognizing where change carries the most risk whilst allowing businesses to innovate."

Conclusion

With this significant investment, Cytix is positioned to enhance its cybersecurity solutions, catering to the needs of enterprises that face the dual challenge of rapid software development and stringent security requirements.