Bristol tech firm used by UK government to detect ‘threats’ raises £4m

A Bristol company that has developed software used by thousands or organisations to investigate and detect “advancing threats” has raised £4m in its latest funding round.
Clue Software said the investment would be used to increase the company’s commercial and community capacity as well as fund research and development, and product development.
The funding was led by Frog Capital, with £1m from angel investors and employees, supported by investment advisor ScaleUp Group. The angels backing Clue include Martin Leuw (former IRIS chief executive), Lisa Powis (former Fresh Insurance chief executive), and Alastair Bathgate (former chief executive of Blue Prism).
The funding follows an impressive year for the …