Veribee is on a mission to reduce noise for software teams, by striving to minimise alert-heavy tools that create noise, as opposed to confidence in what’s actually secure. As one survey found, over two-thirds of security teams receive over 2,000 alerts a day (roughly one alert every 42 seconds), with 92% reporting missed or uninvestigated alerts were linked to actual security incidents. Evidently, noise reduction, at a time where noise is only increasing, cannot be more critical.
We spoke with Veribee’s CEO and Co-Founder Richard Allmendinger about how the company grew out of academic research, the support it received through programmes including CyberASAP (Cyber Security Academic Startup Accelerator Programme) and how it’s now bringing provable security techniques into practical commercial use.
Tell us about yourself and Veribee
“I’m Richard Allmendinger, CEO and co-founder of Veribee, a cybersecurity spin-out originating from research at The University of Manchester. Veribee was founded by a team of three — Lucas, Kaled and myself — bringing together complementary expertise across software security, engineering and applied AI. Alongside leading Veribee, I’m also a Professor of Applied AI, with a background in translating advanced research into real-world impact.”
“Veribee was created to address a fundamental problem in software security: organisations rely heavily on tools that generate large volumes of alerts but provide limited assurance about what is genuinely secure. Our goal is to change that by delivering security analysis that teams can trust, act on, and scale.”
What problem does your technology solve, and why does it matter right now?
“Software underpins almost every critical system, yet security teams still struggle with tools that produce excessive false positives and provide limited confidence in their results. This leads to wasted effort, missed vulnerabilities and uncertainty about whether software is truly secure.”
“Veribee addresses this by combining formal verification techniques with AI-driven analysis to identify genuine vulnerabilities and provide stronger assurance about fixes. This matters now more than ever as software complexity continues to grow, development cycles accelerate and AI-generated code becomes commonplace. Organisations need security tools that reduce noise and deliver evidence-based confidence as well as align with emerging stricter software security regulations.”
How did CyberASAP help you turn academic research into a commercial product or company?
Veribee took part in the CyberASAP programme, which is funded by the UK Government’s Department for Science, Innovation and Technology (DSIT) and delivered by Innovate UK. The programme supports university-led cyber innovations with strong commercial potential, helping research teams validate market needs and build relationships with prospective partners, customers and security professionals.
“CyberASAP played a crucial role in helping us move from research excellence to a credible commercial proposition. The programme forced us to engage deeply with potential users, validate the real problems they face, and refine how our technology could fit into operational environments.”
“It helped us develop a much clearer understanding of market needs, customer language, and the practical constraints organisations operate under — all of which shaped Veribee’s product direction and business model.”
What’s the biggest milestone you’ve achieved since completing the programme?
“One of our biggest milestones has been successfully spinning out Veribee as a company and gaining early recognition within the UK tech ecosystem, including being named a Greater Manchester Tech Climbers ‘One to Watch’.”
“More importantly, we’ve progressed from concept to a clearly defined product roadmap, with growing engagement from industry stakeholders who recognise the need for higher-assurance approaches to software security.”
What progress have you made in securing investment or commercial backing so far?
“Since completing CyberASAP, we’ve secured £200k in funding from a local venture capital firm, alongside continued support through innovation and accelerator programmes. This has enabled us to strengthen our technical foundations and advance early market validation. We’re now actively engaging with investors and commercial partners as we work towards closing a larger pre-seed round, supporting pilot deployments and the next phase of Veribee’s growth.”
What advice would you give to academics looking to apply to the programme or already enrolled?
“My advice would be to fully embrace the commercial mindset from the start. CyberASAP is most valuable when you’re willing to challenge your assumptions, speak to users early and adapt your ideas based on real feedback.”
“Strong research is a powerful foundation, but impact comes from understanding customer problems and constraints. Treat the programme as an opportunity to learn how your research can deliver value beyond academia — the results can be transformative.”
On the 25th February 2026 in London, various successful alumni, like CybPass and FACT360, will be taking part in CyberASAP’s Demo Day as part of the alumni showcase. CyberASAP Demo Day also features the 14 final teams in this year’s cohort who will be pitching and demonstrating their proofs of concept. Find out more and register to attend here.
