Nigerian defence technology company Terra Industries said on 18 September it had led a $1 million pre-seed round in Nigerian cybersecurity startup Aeon. Flutterwave co-founder Olugbenga Agboola also participated through his fund, Resilience17.

Terra and Aeon formed a commercial joint venture to offer physical asset protection and digital network security together to government and corporate customers. Terra said the investment followed a successful pilot earlier in the year. The release reports the funding and partnership but gives no revenue or customer totals.