25th September 2023
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Sitehop, a Sheffield-based technology company has released its flagship product, the SAFE100, which is setting new standards for the cyber security industry. This follows an initial round of investment from NPIF – Mercia Equity Finance, which is managed by Mercia and part of the Northern Powerhouse Investment Fund (NPIF).
Melissa Chambers and Ben Harper founded Sitehop at the end of 2021, and after securing the investment, created the first of its kind encryption product which offers the world’s lowest latency 100Gbps network encryption designed for Telcos, Finance and Datacentres.
The investment facilitated the purchase of capital equipment and infrastructure as well as bringing on additional engineers. All are required to create the complex set of systems and skills required to create a product designed for the world’s largest data companies.
Unique to other providers, SAFE100 offers a self-contained appliance that offering Quantum Resistant Cryptography whilst also allowing for simple deployment in complex networks. Sitehop is current testing cutting edge Post Quantum Cryptography (PQC).
The industry leading solution, accelerated through the NPIF investment, has been recognised on an international scale, seeing Sitehop selected as one of six top cyber startups in the UK through the Department for Science, Innovation and Technology (DSIT) Cyber Runway Ignite program, as well as the Mobile World Congress in Barcelona. Sitehop was also recognised by Startups Magazine yearly awards.
Co-founders Melissa and Ben first met at a previous company, then both took the opportunity to use their unique skillsets to develop and bring this new solution to the market. Quality is a foundation of Sitehop which is why It is now one of the few startups to hold International Standard Organization (ISO) certifications for quality systems, environmental responsibility and data security, showcasing their commitment to quality, environmental management and security.
Sitehop has already performed customer tests globally and is looking to push further into the Americas, creating a presence in both the US and Brazil through existing contacts. This supports plans for global deployment, with the first covering areas of Northern Europe, the US, India and Brazil.
More locally, Sitehop has plans to partner with local Northern universities to invest in graduate recruitment, allowing for retained growth and expertise within the business.
Melissa Chambers, CEO and cofounder, said: “Business is about making connections and having a great product and NPIF have helped us with both. Their continued support through inclusion in their online publicity and at trade shows has helped profile Sitehop as well as attract a wider focus on Sheffield as an area for investment too.”
Through NPIF investment, we were able to use this to develop our business and create the right environment to make SAFE100. This has become our flagship solution which has gained traction in the market and has placed Sitehop on an upward trajectory for the foreseeable.”
Will Clark, Managing Director of Mercia Ventures, said: “Ben and Melissa have solved a problem that even the big tech companies have so far failed to solve – how to secure telecoms and data networks without causing them to slow down. The funding has enabled them to bring this world-leading product to market.”
Debbie Sorby, Senior Manager at British Business Bank, said: “The Northern Powerhouse Investment Fund helps to bring in investment, skilled individuals, and new ideas, creating a strong foundation for opportunities and economic growth. Sitehop perfectly illustrates this concept in action.
Cyber security is an omnipresent and increasing threat not just for the UK, but globally. By investing in technology, Sitehop spotlights the North as a place for technological expertise and development, guiding us towards a more promising future.”
The Northern Powerhouse Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.
Enterprise Ventures Limited is authorised and regulated by the Financial Conduct Authority (FRN: 183363). EV Business Loans Limited is authorised and regulated by the Financial Conduct Authority (FRN: 443560).
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