Britain sees record investment in 10-billion-pound cyber sector

FILE PHOTO: A projection of cyber code on a hooded man is pictured in this illustration picture taken on May 13, 2017.REUTERS/Kacper Pempel

LONDON (Reuters) - British cyber security firms raised more than 1 billion pounds ($1.36 billion) in 84 deals last year, as foreign investors tapped into growth in capabilities such as network security and threat monitoring, government data showed on Thursday.

Companies that received new investment included Bristol-based Immersive Labs, which raised 53.5 million pounds, and London-headquartered Tessian, which secured more than 52 million pounds, the government said in its Annual Cyber Sector Report.

Employment across the industry rose 13%, with more than 6,000 new jobs created, to bring the total number of people working in cyber in Britain to 52,700, the report said.

($1 = 0.7359 pounds)

(Reporting by Paul Sandle. Editing by Andrew MacAskill)

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