Indusface, a SaaS startup that provides IT security solutions has announced that it has received $5 million funding from Tata Capital Growth Fund II.
The company will use the funding for global customer acquisition and product innovation.
“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,” said Tata Capital Growth Fund’s Managing Partner Akhil Awasthi.
Post transaction, Tata Capital Growth Fund Partner Pramod Ahuja will join the Indusface board. TCGF II invests in companies that focus on urbanisation, discrete manufacturing and strategic services.
Indusface was founded in 2012 by Ashish Tandon, Nandini Tandon and Venkatesh Sundar.
The company helps organizations detect application-layer vulnerabilities accurately with web application scanning, patch them instantly with web application firewall, improves website performance instantly through instant whole site acceleration using distributed global edge locations and monitors traffic continuously for emerging threats and DDoS attacks, to mitigate them.
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