The start-up has secured the backing after becoming a member of SETsquared and participating in its entrepreneurship training programme.
RazorSecure, which has created a real-time security monitor and recently trialled its technology on a train service in Sweden, joined SETsquared’s Basingstoke hub in March last year.
Following the entrepreneurship training programme, RazorSecure has taken part in SETsquared’s Open Innovation and Investment Showcase events, which sees start-ups exhibiting and pitching to both corporates looking for technology to adopt as well as investors.
Alex Cowan, CEO at RazorSecure, said: “The support the company has received from SETsquared has been incredible.
“By working with an entrepreneur-in-residence at the Basingstoke hub, we’ve cemented our business strategy and developed the company to be investment-ready.
“The entrepreneurship training programme really was the springboard for RazorSecure and we’re very pleased to have secured this funding.
“The investment we’ve raised will allow us to properly kick off with the next stage of the business.
“We’ll be able to move to a bigger office space and build up the team with more full-time staff, allowing us to really grow.”
RazorSecure’s lead investor is Breed Reply, an incubator that invests in solutions that involve the Internet of Things, with £150,000 of funding contributed by the Enterprise M3 LEP.
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