Cybersecurity Startup Securden Raises $10.5M In Series A Funding
Securden, a cybersecurity startup, has raised $10.5 million in a Series A funding round led by Tiger Global. The funding round also saw participation from software-as-a-Service (SaaS) focused Together Fund and returning investor Accel.
The startup will utilise the capital to scale its research and development, sales, and marketing operations. Securden will also use the funds to grow its global team, accelerate executive hiring, and expand its product portfolio.
Securden | Next-Gen Privileged Access Governance
Founded by former Zoho executives Bala Venkatramani and Kumaran Balan in 2017, Securden is an all-in-one platform for next-gen privileged access governance. The platform offers access to security and governance platforms for IT services, DevOps, and cloud environments.
Commenting on the development, Bala Venkataramani, CEO of Securden Inc, said,
“Access security today is siloed, complex, and broken. Organisations have to deploy multiple point products and security tools, which lead to multiple configurations, numerous training and consultancy sessions, and significant spending.”
As per Bala Venkataramani, Securden vastly simplifies access security with one platform offering holistic and organisation-wide protection across environments. It offers automated, just-in-time, just enough zero-trust access and analytics-driven security, ensuring 360-degree visibility and all at point-and-click simplicity.
Securden counts large banking and financial institutions, healthcare organisations, IT service providers, government agencies, manufacturing companies, and educational institutions across the globe as its customers.
Venkataramani added that Securden has a 30-member team in India, which the startup aims to grow by 3X over the year across streams, including engineering, sales and marketing, customer support, and HR.
The Delaware, US, and Chennai-based IT security firm caters to small and medium businesses, large enterprises, and Fortune 500 companies. It counts North America as its primary market, with a 45% customer base, followed by Europe and the UK at 40%.
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