Horangi Cybersecurity secures US$3.1mil in Series A Round
By Digital News Asia November 7, 2017
- Round led by Monk’s Hill Ventures
- Started in early 2016, Horangi now has over 50 clients
HORANGI Cybersecurity, a Singapore-based cyber-security startup, announced that it has closed a US$3.1 million (RM13.12 million) Series A Round led by Monk’s Hill Ventures, with participation from Right Click Capital, 500 Startups, Hub Ventures Fund, 6Degrees Ventures, and private investors.
The funds raised will go towards improving Horangi’s proprietary technologies, scaling business operations, and accelerating expansion in key Asian markets.
Co-founded by two Palantir alumni, Horangi builds security products that enable the rapid delivery of incident response and threat detection for customers who lack the scale, expertise, or time to do it themselves.
“As cyber-threats become increasingly complex, businesses require proactive solutions to safeguard their digital environments,” said Horangi co-founder and CEO Paul Hadjy.
“Our vision is to provide an affordable full-stack cyber-security solution for our users globally, allowing them to quickly understand and deploy the right course of action.”
The company’s core products, comprising of Scanner, Hunter, and Storyfier, integrate seamlessly to provide customers with a full-stack cyber-security solution.
With plans starting at S$50/month (US$36.62), customers can scan and detect security vulnerabilities through Horangi’s platform, and access Horangi’s in-house cyber operations consultants with a single click.
Started in early 2016, Horangi now has over 50 clients across sectors such as government, technology, financial services and retail.
The majority of its clients are from the APAC region, where Horangi will focus its growth efforts for the near future.
There has also been inbound interest from US MNCs with presence and operations in Asia, who chose Horangi as their security provider locally due to its expertise across these foreign markets.
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