Cybersecurity firm Goldilock invests S$1.2 million, opens regional HQ in Singapore

[SINGAPORE] Cybersecurity company Goldilock has announced the opening of its first office in Singapore and Asia-Pacific headquarters on Monday (Jun 2), as part of a S$2 million investment. 

It invested S$1.2 million to open the Singapore office, and received an additional S$800,000 from the UK-Singapore Collaborative Research and Design (R&D) Call Fund by Innovate UK and Enterprise Singapore. 

The fund aims to encourage the development of ready-to-market solutions for products, technology-based services or processes that have strong market potential for Singapore, the UK or the international market. 

Goldilock specialises in producing hardware solutions for businesses. Its Singapore office will also serve as a R&D centre.

Stephen Kines, co-founder and chief operating officer of Goldilock, told The Business Times that it is currently working with channel partners and distributors. Its local channel partners include NCS and ST Engineering. Goldilock also has existing customers in Australia and Japan.

Kines said that Goldilock intends to hire at least five engineers in Singapore within the first 18 months of opening, and approximately 20 people over the coming three years. 

“Our progress in Apac would not have been possible without the invaluable support of the CyberSG Talent, Innovation and Growth (TIG) Collaboration Centre,” he said.

TIG Collaboration Centre is a joint initiative between the National University of Singapore and the Cyber Security Agency of Singapore. The initiative is one of the goals of Singapore’s operational technology cybersecurity masterplan, put together by the Cyber Security Agency of Singapore to enhance the operational technology cybersecurity talent pipeline.

“This milestone represents a deepening of UK-Singapore cooperation on cybersecurity innovation, with Singapore having updated its operational technology cybersecurity last year,” said a spokesman from Goldilock.