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Tata Capital fund invests $5 million in US SaaS startup Indusface

Tata Capital fund invests $5 million in US SaaS startup Indusface

Tata Capital fund invests $5 million in US SaaS startup Indusface

Tata Capital Progress Fund II (TCGF II) managed by Tata Capital has invested a sum of $5 million in a US-based safety software-as-a-service (SaaS) startup Indusface to assist fortify the agency’s international buyer acquisition and product innovation plans. 

Pramod Ahuja, associate at Tata Capital Progress Fund, will, as part of the deal, be part of the board of administrators on the startup. 

The startup that’s based mostly out of California claims to safe prospects purposes globally by analyzing dangers and making a firewall in order that they do not get hacked. It claims to make use of a cloud-based safety platform constructed utilizing its proprietary internet utility safety scanner and an online utility firewall built-in with international menace data engine. 

“On this quickly altering state of affairs, as increasingly more companies speed up the digitization of their operations through internet purposes, cloud-based managed utility safety options like ours are projected to be in large demand,” stated Ashish Tandon, Founder & CEO of Indusface.

“TCGF II is happy to assist Indusface and its top-notch crew led by Ashish of their development plans. We imagine that the cybersecurity market will proceed to see vital development as securing digital belongings turns into a precedence with the elevated salience of digital enterprise processes and the resultant reliance on a trusted ‘digital assurance’ supplier like Indusface,” says Akhil Awasthi, Managing Accomplice, Tata Capital Progress Fund.

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