Indusface, a Bengaluru, India-based application security SaaS startup that enables businesses protect their web & mobile applications, has raised $5 million investment from Tata Capital Growth Fund II to intensify its product innovation plans and global customer acquisition strategies
Fremont, CA: Indusface, a Bengaluru, India-based application security SaaS startup that enables businesses to protect their web & mobile applications, has raised $5 million investment from Tata Capital Growth Fund II to intensify its product innovation plans and global customer acquisition strategies. In conjunction with the funding, Indusface announced that Pramod Ahuja, Partner, Tata Capital Growth Fund would join its Board of Directors soon.
Tata Capital Growth Fund (TCGF) II invests in organizations that fall under three themes – Urbanisation, Discrete manufacturing, and Strategic Services. These fast-evolving enterprises benefit from the synergies and networks that the Tata Group and the team will extend. TCGF family of funds has created a niche in terms of identifying companies that are well-positioned to redefine or create large new markets, with notable investments such as Star Health & Allied Insurance, Sai Life Sciences, and Home First Finance Company, to name a few.
"TCGF II is excited to support Indusface and its top-notch team led by Ashish in their growth plans. We believe that the cybersecurity market will continue to see significant growth as securing digital assets becomes a priority with the increased salience of digital business processes and the consequent reliance on a trusted 'digital assurance' provider like Indusface," says Akhil Awasthi, Managing Partner, Tata Capital Growth Fund.
Indusface solutions protect thousands of customer applications globally by thoroughly checking potential security risks and protecting them from being hacked. At the heart of the Indusface solution is a cloud-based security platform built using their proprietary Web Application Security Scanner and a dynamic Web Application Firewall, integrated with an intelligent global threat information engine and managed by security experts.
"In this rapidly changing scenario, as more and more businesses accelerate the digitization of their operations via web applications, cloud-based managed application security solutions like ours are projected to be in huge demand," said Ashish Tandon, Founder & CEO of Indusface. "We are delighted to partner with a trusted brand like the Tata Capital Growth Fund and look forward to leveraging their global outreach and expertise in executing our growth plans rapidly."
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