Cydarm’s platform enables teams to coordinate their response to a cyber attack, and it is used by customers across various levels of government, defence, financial services, higher education and managed security services.
Also participating in Cydarm’s raise was existing investor Right Click Capital, which doubled down on its 2018 investment in the company. Five V Capital also participated as a new investor.
InterValley Ventures launched in Australia in April last year, with the support of Japanese investment banking and securities firm Mizuho Securities as a limited partner, as well as Daiwa House Industry Pension Fund, one of Japan’s largest private pension funds.
The fund has a mandate to invest at least 80 per cent of its funds in the Australian market, focusing on companies that would also likely find traction in the Japanese market.
Since launching, it has also invested in companies like satellite start-up Myriota, self-driving car technology company Baraja and hearing loss technology company Hemideina.