Cytix Raises $7M to Combat AI-Driven Code Risk

Cytix, a Manchester-based company, has raised $7 million in Series A funding. This investment aims to help them address risks from fast, AI-assisted software development. Northern Gritstone led the funding round. Existing investors, Auriga Cyber Ventures and NPIF II – PXN Equity Finance, also participated. The new capital will scale Cytix's recently launched change risk platform. This tool helps security teams understand the risks of software updates. It tracks every software change, assesses its risk, and provides evidence for regulators. The platform sits between software development and risk, security, and compliance functions. It acts as a single control point for detection, decision-making, validation, and evidence. Cytix plans to use the funding to expand into enterprise and regulated sectors. Their platform is accessible directly or through partnerships with NCC Group and KPMG. Ben Armstrong, Cytix Co-Founder, says current tools identify vulnerabilities but not the risk. Their platform aims to manage this risk in an era of AI-assisted development. The bottom line is this funding helps businesses navigate the security challenges of rapid, AI-driven software changes.