Cassava gets R855m to open security centres in Africa

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Cassava Technologies announces $50 million strategic investment from C5 Capital to grow its cyber security business. Cassava C5Capital CyberSecurity

Cassava Technologies is set to establish a network of cyber security operations centres across Africa, in pursuit of growing its cyber security business.

Yesterday, Cassava gave a glimpse of its expansion plans, revealing South Africa will host its first cyber security operations centre set for launch later this year. Turning to Cassava’s relationship with C5, the company says it already has a joint venture with the specialist venture capital firm, which invests in cyber security, space and energy security through C5 portfolio company Haven Cyber.

The CSOC network, Cassava says, will enable the rapid delivery of cyber security services and operations on the continent. “Today’s investment from C5 and our pan-continental partnership will enhance our ability to enable our customers to build secure and stable cloud-based digital services critical to transforming lives on the continent.”

 

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