Cybersecurity startup Cytix has raised $7 million in Series A funding to accelerate the rollout of its change risk management platform and expand adoption among enterprise and regulated organisations. The round was led by Northern Gritstone, with participation from existing investors Auriga Cyber Ventures and NPIF II – PXN Equity Finance, managed by PXN Ventures as part of the Northern Powerhouse Investment Fund II.
Cytix is addressing security challenges created by the growing pace of software development, as AI-assisted coding, agentic workflows and continuous delivery increase the volume and frequency of software changes. The company argues that traditional security approaches, which largely focus on identifying vulnerabilities, provide limited visibility into the business risk associated with individual changes.
According to research cited by Cytix, 62 per cent of security leaders believe security risk within their organisations is shifting from a latent issue to an immediate one, while 38 per cent strongly agree that their organisation is prepared for the volume of AI-generated code entering its environment.
Software is changing. AI-assisted development means change now happens at machine speed. Meanwhile, very few security leaders have control over, or understanding of, those changes from a risk perspective. Right now, existing tools can tell you what vulnerabilities you have, but can’t tell you about the risk. We launched Cytix’ change risk management platform to get control of that risk,
said Ben Armstrong, CEO of Cytix.
Cytix's platform is designed to help organisations assess the security implications of software changes as they occur. It continuously monitors software changes and updates, analyses the risks they introduce, determines the appropriate security response and validates how those risks have been addressed. It also creates evidence showing how individual changes were handled, supporting regulatory and compliance requirements.
The platform operates between a customer's software development lifecycle, where changes are made, and its risk, security and compliance functions. By providing a central control point for software changes, Cytix aims to give security teams visibility into what has changed, the associated business risk and the actions taken in response.
The Series A funding will support the rollout of the platform as Cytix targets enterprise customers and organisations operating in regulated industries where software change governance is a compliance requirement. Customers can access the platform directly from Cytix or through its managed service partnerships with NCC Group and KPMG.
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