Sequretek develops endpoint security technology and data management for enterprises
Mumbai-based Cyber Security solutions startup Sequretek IT Solutions Pvt. Ltd has raised an undisclosed amount in seed funding from Unicorn India Ventures and GVFL Ltd. This is the first funding announcement by Gujarat-based GVFL through its GVFL Startup Fund.
Sanjay Ranadhar, managing director at GVFL, said..
“Given the ever-increasing complexity in cyber security industry, we believe that enterprises are looking for an effective and comprehensive solution that helps them to detect, monitor and respond to advanced cyber threats on a daily basis.”
Sequretek offers a comprehensive suite of products and services for securing information for enterprises. The startup was founded in 2013 by the former information security industry veteran Anand Naik and IT industry professional Pankit Desai. The company will use the funds to improve its product offerings and enter new markets within India and outside.
Pankaj Desai, C0-founder & Co-CEO, Sequretek said..
The company will use the funds to set up operations in the US, where it serves several of its 45 clients. The funds will also beef up technology and build up the go-to market. Sequretek offers an integrated security product that protects the enterprise across the value chain, from the user logging in from various devices, to employees as well as vendors. It controls users’ access, security of devices, as well as real-time monitoring of the client’s security infrastructure using tech intelligence to understand patterns of possible cyber threats.”
Anil Joshi, Managing Partner, Unicorn India Ventures said…
“Sequretek’s founding team and their ability to generate initial traction among top clients in industry within a short span of launching their business has given us the confidence to back this team.”
The company’s clients include leading names such as HDFC Bank, IDBI Federal, HDFC Ltd and NCDEX, along with several others from financial, retail, pharma and IT/ITES sectors.
It had earlier raised $300,000 in 2015 from wealthy individuals, while the founders had put in Rs 4.5 crore while launching the company in 2013.