Irish company launches British Ministry of Defence joint venture as it eyes €7m in funding

Silivercloud, the Irish health tech firm, has launched a partnership with the Ministry of Defence in Britain and is set to seal around €7 million in new funding within weeks, The Sunday Business Post understands.

22nd March, 2015
Ken Cahill, chief executive of Silvercloud, which began as a TCD project. Picture: Feargal Ward

The Dublin company provides online therapeutic supports to aid mental well-being that can be accessed on mobile phones, tablets and laptops.

It started out as a research project at Trinity College Dublin before spinning out as a commercial venture in 2012. It now has offices in Britain, Europe and the US and employs 27 people.

It plans to hire further staff at it expands, with particular focus on Britain and the US at present.

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