Nova Leah Ltd. which is a Dundalk based tech company secured an investment of 2.25 million pounds from companies like Kernel Capital and Suir Valley Ventures. This round of investment was led by the Bank of Ireland Kernel Capital Growth Fund with an investment of 1.5 million pounds.
Nova Leah has finally able to develop a cybersecurity compliance solution for all kinds of medical device manufacturers and also healthcare providers. This technology is specifically designed to improve the security of all the medical devices which are connected. This will be a big step towards the safety of the patients. There are almost 10 to 15 million devices which are connected globally and cybersecurity spends about 5.5 billion dollars to maintain it. This price will go up to $11 billion by the end of the year 2020.
The chief executing officer of Nova Leah Anita Finnegan said that they are very happy to be working with such venture capitalists like Suir Valley Ventures and Kernel Capital. The technology that is developed by Kernel Capital will surely make them the market leader in a very short period of time.
According to the head of the business bank Louth, Bank of Ireland Mr. David McGeough, this will be a strong indicator and the quality of business will be emerging from Dundalk IT. The plan of Nova Leah is very ambitious in nature and it is going to bring big changes in the cyber security sector.