Glasswall, a fast-growing enterprise cybersecurity software firm that specialises in file-based security, has secured £5m from HSBC UK’s Growth Lending fund.

Glasswall takes a zero-trust approach to files and is a global leader in Content Disarm & Reconstruction (CDR) technology. With the support of HSBC’s strong international network, Glasswall will strengthen its position in both the UK and US public and commercial sectors, whilst deepening its global reach, with particular focus on the other three ‘five eyes’ intelligence alliance countries, Canada, Australia and New Zealand.

Additionally, the HSBC UK funding package will enable Glasswall to continue developing its zero-trust technology and capitalise on significant growth opportunities with its customer base within the UK and US.

Glasswall is the eighth business to benefit from HSBC UK’s Growth Lending fund. The £250m pot is available to support high-growth technology scale-ups with strong equity backing that are on a clear path to profitability. It provides access to finance, as well as HSBC’s full capabilities including international expertise, and helps businesses achieve their global ambitions.

Headquartered in both Devonshire Square, London, and Reston, Virginia, USA, Glasswall is aiming to continue its current growth trajectory, which saw the Company’s annual recurring revenues (ARR) increase by 170 per cent in the past 18 months, as it targets profitability within the next 12-18 months.

Danny Lopez, CEO at Glasswall, said: “HSBC UK’s validation of Glasswall’s growth story so far is a fantastic endorsement for us. We are extremely excited to be strengthening our partnership with HSBC UK as we aim to continue our growth rate and achieve profitability. The bank’s global reach will assist Glasswall in getting its zero-trust CDR technology into the hands of more organisations around the world, bolstering their cyber defences against an ever-increasing number of malicious threats.”