Cybersecurity Indusface has just picked up $5m from Tata Capital Growth Fund II and plans to use the cash to aggressively grow its solutions for helping organisations protect their web and mobile applications.
The California-headquartered startup also plans to use the money to attract more customers.
“TCGF II is excited to support Indusface and its top notch team led by Ashish in their growth plans,” said Akhil Awasthi, managing partner at Tata Capital Growth Fund. “We believe that the cyber security 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.”
Indusface solutions secure thousands of customer applications globally by detecting 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 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 and 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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