In 2017, NTT and Deakin University established CyRise Accelerator Pty Ltd. After five years of successful collaboration the program has come to its natural conclusion and together NTT and Deakin have decided to close the CyRise initiative effective 19 May 2023.
The team and I want to thank you for the support you’ve given CyRise, our founders and the cyber security professionals in our programs. It’s been a true pleasure to work with the Australian cyber security community. You have backed us every step of the way by generously sharing your expertise and networks, and by taking a chance to work with early-stage startups.
CyRise has made an incredibly significant contribution to the future of the Australian cyber security ecosystem through our programs for both founders and leaders. We’re proud of our achievements since launching in 2017.
- 39 investments into startups from Australia, New Zealand, Singapore, India and the US
- 55% of those companies have gone on to raise funding from investors, totaling over $40 million in additional capital
- With an overall return multiple of 3.55x and an IRR of 50%, CyRise has demonstrated that Australian cyber security startups are great investments
- CyRise companies have gone on to create over 150 additional, high value jobs in Australia
We are confident that many of our CyRise portfolio companies will go on to see global success, and we leave with a sense of accomplishment, knowing that we have played a small but important part in their growth.
If you’re able, we’d love you to join us for our final accelerator demo day. Reserve your ticket here.
