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Cytix secured $7 million in a Series A round from Northern Gritstone to address AI code risks.

PRIVATEAug 12, 2026•about 3 hours ago

Amount Raised

$7 Million

Round Type

Series A

ManchesterArtificial IntelligenceSecurityCyber Security

Investors

Northern Gritstone

Description

Cytix raised $7 million in a Series A round after receiving an unexpected offer from Northern Gritstone. Just 38% of security leaders feel ready to handle the growing amount of AI-generated code in their systems. The team now has 17 members and plans to expand their efforts.

Company Information

Company

Cytix

Location

Manchester, Greater Manchester, United Kingdom

About

Cytix is a growing cybersecurity company that specializes in innovative penetration testing techniques. Founded in 2022, Cytix helps companies identify high-risk vulnerabilities during code development, enabling earlier detection compared to traditional methods. The company aims to leverage AI models for enhanced security testing at scale. Their services cater to multiple sectors, including fintech, medical trials, and educational institutions.

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Funding Insights

Based on industry data

Typical timeline to Series B

Series A companies typically raise their next round in 10-18 months

Monthly burn rate benchmark

47% of Series A startups spend $400k or more per month on operations

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers