# Hut Six Security funding: rounds and investors

> Hut Six Security has raised $400K across 1 round since 2023. Investors include Development Bank of Wales. Every round with its source.

Source: https://millionrounds.com/company/hut-six-security (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Seed startup](https://millionrounds.com/companies)

# Who invested in *Hut Six Security*

One round we have observed, with the one investor named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Cybersecurity

Funding summary Updated 26 Oct 2026

**$400K** raised across 1 round since 2023, from 1 source

- **Latest round:** Seed, $400K Feb 2023
- **Investors:** 1

See who backed them

## The rounds

- **Feb 2023** Seed **$400K** [Development Bank of Wales](https://millionrounds.com/fund/development-bank-of-wales) Source recorded

## Founders and team

From Hut Six Security's own website: 3 on the team.

- **Daniel Steward** Technical Director
- **Mike Doyle** Non Executive Director
- **Simon Fraser** Managing Director

## Everyone who backed them

[Development Bank of Wales](https://millionrounds.com/fund/development-bank-of-wales) Government **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=hut-six-security).

## Quick answers about Hut Six Security

### Who invested in Hut Six Security?

Hut Six Security's investors include Development Bank of Wales.

### How much has Hut Six Security raised?

Hut Six Security has raised $400K across 1 round since 2023.

### When did Hut Six Security last raise?

Hut Six Security's most recent round was a Seed of $400K in Feb 2023.

### What was Hut Six Security's biggest round?

Its most recent round, $400K in Feb 2023, is also its largest on record.

### Who backed Hut Six Security first?

Hut Six Security's first round on record, in Feb 2023, was backed by Development Bank of Wales.

### What stage is Hut Six Security at?

Hut Six Security's latest named round is a Seed, in Feb 2023.

### Where is Hut Six Security based?

Hut Six Security is based in the United Kingdom.

## Companies like Hut Six Security

In the same sector, and raised in the last eighteen months.

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