BT Group Invests in Silicon Valley Cybersecurity Startup Safe Security
July 21 2021 - 5:49AM
Dow Jones News
By Adria Calatayud
BT Group PLC said Wednesday that it has made a
multimillion-pound investment in Safe Security, a Silicon Valley
cybersecurity startup.
The U.K. telecommunications group said it will be granted rights
to use and sell the Palo Alto-headquartered startup's SAFE platform
to businesses and public-sector bodies in the U.K. The platform
helps organizations to evaluate their cybersecurity risks, BT
said.
The two companies will also collaborate to develop future
products, BT said.
BT Security Managing Director Kevin Brown told CNBC that the
U.K. company is leading a $33 million funding round in Safe
Security.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
July 21, 2021 06:42 ET (10:42 GMT)
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