In 2017, NTT and Deakin University established CyRise Accelerator. 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.
Since its inception, CyRise has made significant contributions to the future of the Australian cybersecurity ecosystem, including:
- 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.
